Delta Air Lines released strong Q4 FY24 and full-year earnings, with operating revenue of $61.6 billion and adjusted EPS of $6.16, driving a 10% stock rally. Initiating coverage with a Strong Buy rating and a $97.15 price target, representing a 45% upside, due to Delta's operational excellence and premium revenue strategy. Delta's diversified revenue streams, margin expansion opportunities, and favorable industry conditions support a promising pathway to mid-teens operating margins and superior financial performance.
Delta Air Lines remains a top stock pick for 2025, showing strong earnings growth and outperforming the S&P 500 since my recommendation. Q4 2024 earnings report highlights Delta's effective capacity and revenue management, with significant growth in premium product ticket sales and strong off-peak income. Delta expects 10% EPS growth and at least 17.5% free cash flow growth in 2025, supported by increased capacity and positive demand effects.
Delta Air Lines NYSE: DAL can fly to new highs in 2025 because the company continues to grow, cash flow is improving, the balance sheet strengthens, and capital returns are flowing. The takeaway from the Q4 report is that business remains strong on all fronts, costs are controlled, and results are better than expected, including better-than-forecast guidance.
Delta Air Lines said on Friday that departures and arrivals at its Hartsfield-Jackson Atlanta hub have resumed after extreme winter weather forced the closure of all five runways for more than two hours.
Delta Air Lines boosted its 2025 outlook thanks to continued increased travel demand. Transcript: Conway Gittens: Stocks are getting roughed up Friday as a stronger-than-expected jobs report pushes hopes for the next interest rate cut all the way to October 2025.
Delta Air Lines, Inc. (NYSE:DAL ) Q4 2024 Earnings Conference Call January 10, 2025 10:00 AM ET Company Participants Julie Stewart - Vice President, IR Ed Bastian - CEO Glen Hauenstein - President Dan Janki - CFO Peter Carter - EVP, External Affairs Tim Mapes - SVP & Chief Communications Officer Conference Call Participants Catherine O'Brien - Goldman Sachs Brandon Oglenski - Barclays Conor Cunningham - Melius Research Tom Fitzgerald - TD Cowen Jamie Baker - JPMorgan Duane Pfennigwerth - Evercore ISI Shannon Doherty - Deutsche Bank Ravi Shanker - Morgan Stanley Andrew Didora - Bank of America David Vernon - Bernstein Savi Syth - Raymond James Sheila Kahyaoglu - Jefferies Leslie Josephs - CNBC Alison Sider - Wall Street Journal Mary Schlangenstein - Bloomberg News Operator Good morning, everyone, and welcome to the Delta Air Lines December Quarter and Full-Year 2024 Financial Results Conference Call. My name is Matthew, and I'll be your coordinator.
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling over 400 points on Friday.
Delta Air Lines (DAL) bills itself as the "premium" U.S. airline. Passengers appear to be buying in.
DAL reports a 32% y/y increase in cargo revenues for fourth-quarter 2024.
Delta Air Lines Inc (NYSE:DAL) shares surged 9.4% on Friday after the company reported better-than-expected earnings for the fourth quarter of 2024 and issued a strong outlook for 2025. The airline posted an adjusted earnings per share (EPS) of $1.85, beating estimates by $0.11, while revenue grew 9.4% year-over-year to $15.56 billion, surpassing expectations by $1.08 billion.
Delta reported fourth-quarter earnings that topped analyst expectations on Friday. Revenue from premium seats was a major bright spot for the airline.
Airlines canceled more than 2,000 U.S. flights while more than 2,000 more were delayed. A massive winter storm snarled travel across the Southern U.S.