Delta Air Lines, Inc.’s stock price plunges by 7.25%, now trading at 46.68 USD

Delta Air Lines, Inc. (DAL)

46.68 USD -3.65 (-7.25%) Volume: 31.43M

Delta Air Lines, Inc.’s stock price is currently at 46.68 USD, experiencing a significant drop of -7.25% this trading session with a high trading volume of 31.43M. The airline’s stock has struggled year-to-date with a percentage change of -22.84%, reflecting the ongoing challenges in the aviation industry.

Latest developments on Delta Air Lines, Inc.

Delta Air Lines has seen a tumultuous period as it cuts its profit forecast due to economic uncertainty impacting travel demand. The airline, along with United Airlines, has announced capacity reductions, citing a dip in consumer confidence. This move follows a series of forecast cuts by major U.S. airlines, signaling concerns about consumer spending amid economic uncertainty. Delta’s stock price has taken a hit after the company lowered its outlook, attributing the softness in domestic demand to macroeconomic uncertainty. As the airline industry grapples with reduced forecasts and economic concerns, Delta Air Lines continues to adjust its strategies, including forming new partnerships and revising financial outlooks to navigate the challenging landscape.

Delta Air Lines, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have published a report titled “Delta Air Lines’ Strong 2024: Record Profits”, detailing the airline’s impressive performance for the December quarter and full year 2024. Delta Air Lines reported a record pretax profit of $1.6 billion in the fourth quarter, exceeding their own guidance. The company also achieved a high system completion factor and on-time performance compared to its peers, showcasing industry-leading operational excellence. For the full year 2024, Delta was recognized with Cirium’s Platinum Award for operational excellence for the fourth consecutive year, further solidifying its position in the market.

A look at Delta Air Lines, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Delta Air Lines has a positive long-term outlook based on the Smartkarma Smart Scores. With a high score in Growth, the company is expected to experience strong expansion and development in the future. This indicates potential for increased profitability and market share for Delta Air Lines.

However, the company’s lower score in Resilience suggests some vulnerability to economic downturns or industry challenges. While Delta Air Lines may face obstacles in maintaining stability, its overall outlook remains promising with average scores in Value, Dividend, and Momentum. Investors may want to consider these factors when evaluating the potential for long-term growth and success for Delta Air Lines.

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