Delta operating profit declines 12% to $6.11bn in 2017
Delta operating profit declines 12% to $6.11bn in 2017
12 January 2018
Delta Air Lines
Delta Air Lines Announces Annual Profit
13 January, 2018, 03:59
Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas.
The power outage that darkened Atlanta's airport and a snowstorm that buried the South combined in December to cost Delta Air Lines $60 million in pre-tax income, airline executives said Thursday. British Columbia Inv Management stated it has 0.05% of its portfolio in Delta Air Lines, Inc.
ILLEGAL ACTIVITY WARNING: "Delta Air Lines (DAL) Updates Q1 Earnings Guidance" was published by BBNS and is owned by of BBNS. It also increased its holding in Apollo Global Mgmt Llc (NYSE:APO) by 20,000 shares in the quarter, for a total of 2.07 million shares, and has risen its stake in Vaneck Vectors Etf Tr.
Net in the quarter swung to profit $16.4 million or 34 cents per diluted share from a loss of $73.8 million or $1.52 in the same quarter previous year. Ray Gerald L & Assoc Ltd has invested 0.07% in Delta Air Lines, Inc. Cyrus Capital Partners Lp bought 379,429 shares as the company's stock declined 5.91% while stock markets rallied. The stock increased 0.56% or $0.74 during the last trading session, reaching $132.53.
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A number of brokerages have recently commented on DAL. The company now has an average rating of "Buy" and an average price target of $65.41. Imperial Capital raised Delta Air Lines from an in-line rating to an outperform rating and set a $63.00 price objective on the stock in a research report on Thursday, October 12th. On Thursday, November 3 the stock rating was upgraded by Morgan Stanley to "Overweight".
Among 20 analysts covering Delta Air Lines (NYSE:DAL), 20 have Buy rating, 0 Sell and 0 Hold.
According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.63 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. Cowen & Co has "Outperform" rating and $58 target. (NYSE:DAL). New York-based Spirit Of America Mgmt Ny has invested 0.01% in Delta Air Lines, Inc.
Serge Ibaka, James Johnson suspended for throwing punches Victor Oladipo led the Pacers (21-20) with 26 points, but IN finished just 1-of-18 from three-point range for the game. Ibaka will serve his suspension on January 11, when the Raptors host the Cleveland Cavaliers at Air Canada Centre.
The company's ATR (Average True Range) is 1.3. Following the sale, the president now owns 204,018 shares of the company's stock, valued at $11,390,324.94.
State Board Of Administration Of Florida Retirement System increased its stake in Nxp Semiconductors N V (NXPI) by 2.24% based on its latest 2017Q3 regulatory filing with the SEC. Shares for $604,333 were sold by Sear Steven M on Monday, December 18. The shares were sold at an average price of $50.42, for a total value of $998,769.78. On Friday, December 15 the insider Jacobson Paul A sold $2.40M. Carret Asset Mgmt Ltd Liability accumulated 16,900 shares or 0.13% of the stock. Winslow Evans & Crocker Incorporated holds 0.01% of its portfolio in Delta Air Lines, Inc. The stock increased 3.72% or $1.97 during the last trading session, reaching $54.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.36 and a current ratio of 0.43.
Delta Air Lines (NYSE:DAL) last issued its earnings results on Wednesday, January 10th. The hedge fund run by Stephen C. Freidheim held 3.59 million shares of the transportation company at the end of 2017Q3, valued at $173.33M, up from 3.22M at the end of the previous reported quarter.
Delta said its fuel expense rose $350 million in the third quarter and that it paid an average of $1.93 a gallon. Delta Air Lines Inc Del now has $41.56B valuation.
According to 9 analysts, the Average Revenue Estimate for the current Fiscal quarter is $2.93 Billion and the Low Revenue estimate is $2.85 Billion, while the High Revenue estimate is $3 Billion.
WARNING: This story was originally posted by The Lincolnian Online and is the property of of The Lincolnian Online.
TRADEMARK VIOLATION WARNING: This report was originally reported by Registrar Journal and is the sole property of of Registrar Journal. Delta Air Lines, Inc. The Company's segments include Airline and Refinery.
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