Delta Air Lines Inc. ($DAL) Stock Forecast: Up 6.6% Today

What is Delta Air Lines Inc.?

Delta Air Lines (DAL) is a major American airline headquartered in Atlanta, Georgia. With a fleet size of over 800 aircraft, Delta operates a vast network of domestic and international flights.

Why is Delta Air Lines Inc. going up?

DAL stock is up 6.6% on Sep 26, 2024 19:50

• Delta Air Lines (DAL) closed at $47.80, showing a bullish movement of 1.36% from the previous day.
• The stock outperformed the S&P 500, which had a daily gain of 0.25%, underlining Delta's appeal to investors.
• The increase in Delta's shares can be linked to Southwest Airlines' new $2.5 billion share repurchase program, boosting investor confidence in the airline industry.
• Despite some bearish sentiment in the options market, Delta Air Lines managed to defy expectations and demonstrate resilience in the market, despite 80% of traders leaning towards bearish positions.

DAL Price Chart

DAL News

Delta Air Lines Laps the Stock Market: Here's Why - Delta Air Lines ( NYSE:DAL )

In the latest trading session, Delta Air Lines DAL closed at $47.80, marking a +1.36% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.25%. Elsewhere, the Dow saw an upswing of 0.2%, while the tech-heavy Nasdaq appreciated by 0.56%.

https://www.benzinga.com/news/earnings/24/09/41018423/delta-air-lines-laps-the-stock-market-heres-why

Why Delta Air Lines Shares Are Rising - Southwest Airlines ( NYSE:LUV ) , Delta Air Lines ( NYSE:DAL )

Delta Air Lines, Inc. DAL shares are trading higher by 6.09% to $51.72 during Thursday's session following news that Southwest Airlines Co LUV introduced a new $2.5 billion share repurchase program.

https://www.benzinga.com/news/24/09/41051475/why-delta-air-lines-shares-are-rising

Delta Air Lines ( DAL ) Laps the Stock Market: Here's Why

In the most recent trading session, Delta Air Lines (DAL) closed at $47.80, indicating a +1.36% shift from the previous trading day.

https://www.zacks.com/stock/news/2340860/delta-air-lines-dal-laps-the-stock-market-heres-why

Delta Air Lines's Options: A Look at What the Big Money is Thinking - Delta Air Lines ( NYSE:DAL )

Financial giants have made a conspicuous bearish move on Delta Air Lines. Our analysis of options history for Delta Air Lines DAL revealed 10 unusual trades. Delving into the details, we found 20% of traders were bullish, while 80% showed bearish tendencies.

https://www.benzinga.com/insights/options/24/09/40991021/delta-air-liness-options-a-look-at-what-the-big-money-is-thinking

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Delta Air Lines Inc. Price History

12.08.2024 - DAL Stock was up 2.8%

• Despite a slight -0.33% shift in the most recent trading session, Delta Air Lines (DAL) saw a strong bullish movement today.
• This positive momentum could be linked to encouraging developments such as increased passenger bookings or optimistic forecasts for the recovery of the airline industry.
• Investors might have responded well to potential relaxation of travel restrictions or successful vaccination campaigns, which have boosted confidence in Delta Air Lines' future prospects.
• The upward trend in DAL's stock price showcases a growing sense of optimism and resilience in the airline sector, despite ongoing challenges.

26.08.2024 - DAL Stock was up 5.8%

• Delta Air Lines (DAL) experienced a strong bullish movement today, with shares rising by 6.09% to $51.72, outperforming the stock market.
• The bullish trend can be attributed to Southwest Airlines' announcement of a new $2.5 billion share repurchase program, which likely boosted investor confidence in the airline industry.
• Despite some bearish sentiment in the options market with 80% of traders showing bearish tendencies, the positive news from Southwest Airlines and the overall market sentiment towards airlines contributed to Delta's impressive performance today.

26.08.2024 - DAL Stock was up 5.1%

• The bullish movement in Delta Air Lines' stock today can be attributed to:
• Positive market sentiment towards the airline industry as travel restrictions ease and vaccination rates increase.
• Potential optimism regarding Delta's financial performance and recovery prospects.
• The bearish options activity by financial giants might indicate:
• Concerns about the airline's future profitability and operational challenges.
• Uncertainty surrounding the resumption of full flight schedules and the return to pre-pandemic travel levels.

26.08.2024 - DAL Stock was up 6.6%

• Delta Air Lines (DAL) closed at $47.80, showing a bullish movement of 1.36% from the previous day.
• The stock outperformed the S&P 500, which had a daily gain of 0.25%, underlining Delta's appeal to investors.
• The increase in Delta's shares can be linked to Southwest Airlines' new $2.5 billion share repurchase program, boosting investor confidence in the airline industry.
• Despite some bearish sentiment in the options market, Delta Air Lines managed to defy expectations and demonstrate resilience in the market, despite 80% of traders leaning towards bearish positions.

11.06.2024 - DAL Stock was down 5.2%

• Delta Air Lines stock plummeted over 5% after the company's second-quarter earnings failed to meet expectations and provided a soft outlook for the third quarter.
• The disappointing earnings report and weak forecast likely contributed to the bearish movement in DAL stock.
• The overall market sentiment towards airlines may have been impacted by concerns over the company's performance and outlook, leading to the significant drop in Delta's stock price today.

11.06.2024 - DAL Stock was down 5.2%

• Delta Air Lines stock (DAL) experienced a strong bearish movement recently.
• The weak guidance provided by the company for the upcoming quarters contributed to the decline in stock price.
• Rising capacity and lower travel demand amid ongoing challenges in the airline industry further added to the turbulence faced by Delta Air Lines.
• Despite meeting analysts' expectations for the second quarter, the soft outlook for the third quarter led to a more pessimistic sentiment among investors, resulting in the significant drop in stock value.

11.06.2024 - DAL Stock was down 5.0%

• The stock had a strong bearish movement.
• Delta Air Lines reported disappointing earnings for the second quarter of 2024, missing the analyst estimate for EPS.
• Despite beating revenue expectations, the company experienced a 29% fall in profit due to rising costs and widespread discounting of base-level fares.
• The oversupply in the market and the overall negative sentiment towards airline stocks contributed to Delta's stock tumbling today.

11.06.2024 - DAL Stock was down 5.1%

• Delta Air Lines (DAL) experienced a strong bearish movement following its second-quarter performance.
• The stock fell approximately 9% premarket due to missing earnings per share (EPS) expectations, despite beating revenue estimates.
• The underwhelming third-quarter earnings outlook contributed to the negative sentiment surrounding the stock.
• The broader airline sector, including companies like SkyWest (SKYW), American Airlines (AAL), and United Airlines (UAL), also saw declines in sympathy with Delta's results.

11.06.2024 - DAL Stock was down 9.3%

• Delta Air Lines posted downbeat second-quarter earnings and issued a lower-than-expected third-quarter earnings outlook, leading to a ~9% drop in its stock price.
• Despite reporting a 7% year-over-year growth in operating revenue to $16.658 billion, which beat consensus estimates, the underwhelming Q3 earnings outlook disappointed investors.
• The discrepancy between revenue beat and EPS miss, along with the disappointing future outlook, likely triggered a sell-off as investors reevaluated their positions in Delta Air Lines.
• The market correction following the unmet expectations reflects how stakeholders may exit or reduce exposure when the actual performance does not align with the anticipated results.

16.06.2024 - DAL Stock was up 5.4%

• Delta Air Lines (DAL) experienced a strong bullish movement recently.
• The bullish trend can be attributed to insider trades indicating confidence in the company's prospects and the positive outlook for airline stocks in general.
• Factors such as the surge in summer travel demand, record-breaking passenger screenings by the TSA, and expectations of a strong travel season are boosting confidence in the airline industry.
• Despite challenges like Boeing's slower production rates affecting airlines' profit margins in the short term, the long-term growth prospects for the airline industry remain promising.

16.06.2024 - DAL Stock was up 5.1%

• Today, Delta Air Lines (DAL) saw a significant bullish trend in its stock performance.
• The rise in DAL's stock value is linked to the strong summer travel season and the post-pandemic recovery, resulting in a surge in passenger volumes.
• Although concerns exist about Boeing's reduced production rates impacting airlines' profits in the short term, the long-term outlook for the industry remains optimistic.
• Investors are showing confidence in DAL's future growth potential, supported by the growing travel demand, ongoing investments in enhancing the travel experience, and a robust economy.

08.07.2024 - DAL Stock was up 6.1%

• DAL stock experienced a bullish movement likely due to:
• The positive financial results reported by Wheels Up Experience Inc., indicating a strong operational performance in the aviation sector.
• Despite facing a class action lawsuit over a recent tech outage, investors may have reacted positively to the news as it did not significantly impact the company's financial outlook.
• Microsoft's response challenging Delta's claims about the tech outage costs could have reassured investors about the airline's IT infrastructure and potential future disruptions.
• The lawsuit and the subsequent news coverage might have been already priced in by the market, leading to a relief rally in DAL stock.