Previous close | 15.06 |
Open | 15.12 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 14.07 - 14.65 |
52-week range | 11.65 - 18.72 |
Volume | |
Avg. volume | 92,955 |
Market cap | 60.9M |
Beta (5Y monthly) | 1.57 |
PE ratio (TTM) | N/A |
EPS (TTM) | -3.67 |
Earnings date | 25 Apr 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
Delta Air Lines (DAL) managed to move ahead of industry turbulence, posting better-than-expected first quarter profits. Delta CEO Ed Bastian told Yahoo Finance that the company has seen the 11 highest sales days in the airline's history this year alone. Raymond James Managing Director Savanthi Syth joins Market Domination for an airline industry check-in. Syth says the Delta report shows strong results and that any negative stock action on Wednesday is the market's reaction to macro concerns related to geopolitics and the inflationary picture. The consistency of demand for air travel demand constitutes a "new normal" in Syth's view: the demand is driven by leisure and visiting friends and relatives (VFR) travel but also by slowly recovering corporate travel in the tech and finance sectors. Though Syth claims jet fuel prices have remained elevated, she considers them "manageable." She adds that jet fuel prices may strain capacity if demand can't bear the costs passed on to consumers. Still, the market demonstrates that consumers now value experiences more, so possible financial pullbacks may not impact travel, she adds. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Gabriel Roy
SriLankan Airlines, the national airline of Sri Lanka, has reaffirmed its Merchant status with UATP, the global payment network that enables organizations to simplify payment processes to expand their payment capabilities. As part of the UATP network, SriLankan Airlines can accept UATP payments in a variety of sales channels across multiple countries and currencies, ultimately helping the airline fuel its expansion and profitability goals.
The American Red Cross recognizes American Airlines, headquartered in Fort Worth, TX, as its newest Mission Leader. American joins an elite group of the most generous Red Cross donors — those giving more than $3 million annually to help alleviate suffering in the face of emergencies.