Delta Air Lines Q1 Earnings Preview: Bright Forecast With A Dash Of Boeing Drama, Solar Eclipse Spotlight
Portfolio Pulse from Chris Katje
Delta Air Lines Inc (NYSE:DAL) is anticipated to report Q1 financial results with expected revenue of $12.547 billion and earnings per share of 35 cents. Analysts have raised price targets, reflecting optimism. Key watch items include the impact of Boeing Co (NYSE:BA) airplane delays and the airline industry's health. Delta's performance has been strong, with shares up 40.9% over the last year. The U.S. Global Jets ETF (NYSE:JETS), with Delta as its largest holding, has also seen positive movement.
April 08, 2024 | 5:58 pm
News sentiment analysis
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NEGATIVE IMPACT
Boeing faces delays with the 737 Max 10 deliveries, now expected in 2027, impacting airlines like Delta which ordered 100 of these aircraft.
The delay in Boeing 737 Max 10 deliveries could negatively impact Delta's operational efficiency and fleet expansion plans, potentially affecting its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Delta Air Lines is expected to report strong Q1 earnings with a revenue of $12.547 billion and EPS of 35 cents, alongside positive analyst ratings and raised price targets.
The expected strong earnings report, coupled with positive analyst sentiment and raised price targets, suggest a positive short-term impact on Delta's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The U.S. Global Jets ETF, with Delta as its largest holding, has seen an 11.4% increase over the last year and a 7.3% rise year-to-date in 2024.
Given Delta's significant contribution to the U.S. Global Jets ETF and its strong performance, the ETF is likely to see a positive short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80