New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 12, 2014
12:29 EDTDALDelta Air volatility flat as shares pullback on $106 oil
Delta Air June call option implied volatility is at 36, July is at 35, September is at 34; compared to its 26-week average of 34 according to Track Data, suggesting non-directional price movement.
News For DAL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent DAL news | >>
May 20, 2015
12:15 EDTDALDelta volatility increases as shares pullback
Subscribe for More Information
11:56 EDTDALSterne Agee CRT recommends aggressively adding to airline positions
Subscribe for More Information
11:43 EDTDALStocks with call strike movement; RIG DAL
Subscribe for More Information
09:58 EDTDALDelta Air Lines drops sharply, levels to watch
Subscribe for More Information
May 19, 2015
10:50 EDTDALStocks with call strike movement; GDX DAL
Subscribe for More Information
May 18, 2015
06:15 EDTDALCiti divests 16% stake in Grupo Aeromexico, Reuters reports
Citigroup (C) has sold its 16% stake in Grupo Aeromexico, the Mexican airline says, Reuters reports. According to the airline, Barclays Capital (BCS) acquired about 8% of shares through a financial operation with Delta (DAL). Reference Link
06:09 EDTDALTrade group sees airlines carrying record passenger loads this summer, WSJ says
Subscribe for More Information
May 15, 2015
16:28 EDTDALAppaloosa Management gives quarterly update on stakes
Subscribe for More Information
12:13 EDTDALThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
07:56 EDTDALNational Press Club to hold a luncheon meeting
Subscribe for More Information
May 14, 2015
06:14 EDTDALQatar Airways CEO accuse US airlines of using 'bullying tactics', Bloomberg says
Subscribe for More Information
May 13, 2015
19:42 EDTDALDelta Air Lines shares can rise 50%, Barron's says
Subscribe for More Information
12:39 EDTDALOn The Fly: Top stock stories at midday
Subscribe for More Information
09:56 EDTDALEquity options with increasing volume
Subscribe for More Information
09:50 EDTDALDelta Air Lines rallies after boosting dividend, buyback program
Shares are up over 3.5% to $47.72 at time of writing. At that price next resistance is at $49.19. Support is at $47.28.
09:34 EDTDALDelta Air Lines raises 2015-2017 EPS growth outlook to 15%-plus
Delta Air Lines in presentation slides raised its 2015-2017 earnings growth outlook to 15%-plus from 10%-15%. Delta raised its 2015-2017 operating margin guidance to 14%-16% from 11%-14%. It sees return on invested capital 20%-25% versus a prior outlook of 15%-18%. The airliner also raised its operating cash flow outlook to $7B-$8B from $6B. "Strong progress drives the third upward revision to our targets in three years," Delta said in the slides. It added, "Strong operating cash flow, combined with disciplined capital spending, produces sustainable free cash flow of $4-5 billion annually."
09:21 EDTDALOn The Fly: Pre-market Movers
Subscribe for More Information
07:13 EDTDALBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
07:04 EDTDALDelta Air Lines to return additional $6B to shareholders through 2017
Delta's board announced a new $5B share repurchase program, to be completed no later than December 31, 2017. In addition, the company's quarterly dividend will increase by 50% to 13.5c per share beginning in the September 2015 quarter. These two programs are expected to return more than $6B to shareholders through 2017. The company also announced that it is on track to complete the remaining $725M of its prior $2 billion share repurchase authorization by June 30. When this authorization is completed, Delta will have returned a total of $3B in dividends and share repurchases since announcing its initial program two years ago. Going forward, the company intends to return at least 50% of free cash flow to shareholders through 2017. The new $5B repurchase authorization and 50% increase to the quarterly dividend approved by Delta's board are expected to return more than $6B to shareholders through 2017. Delta ended the March 2015 quarter with $7.4B of adjusted net debt, a reduction of $2B since the end of 2013 and roughly $10B since the company began its debt reduction efforts in 2009. The company has set a target to achieve and maintain $4B of adjusted net debt by year end 2017. This debt level is expected to result in annual net interest expense of ~$200M, a $1.1B reduction compared to 2009. Since 2009, Delta has increased its pension plan assets by $1.7 billion, net of $5.2 billion in distributions, through a combination of contributions and asset returns. The company plans to maintain its current $1 billion annual funding level through 2020, with a goal of achieving 80% funded status by that date. Delta made a one-time additional $200M contribution in 2015, for a total contribution of $1.2B for the year, to keep the company on track to achieve its 2020 target.
May 11, 2015
16:00 EDTDALOptions Update; May 11, 2015
Subscribe for More Information
1 | 2 | all recent DAL news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use