Shares of Delta Airlines, Inc (NYSE: 
DAL) surges 8% today after the company reported adjusted earnings per share (EPS) of $0.46 on operating revenue of $14.04 billion. Analysts polled by Visible Alpha had forecast $0.39 and $13.89 billion, respectively.
The company which provides scheduled air transportation for passengers and cargo in the United States and internationally reported passenger revenue per available seat mile (PRASM) of 16.78 cents and cost per available seat mile (CASM) of 19.69 cents; analysts had expected Delta to lose about 2.8 cents per ASM transporting passengers. Delta and domestic rivals United Airlines (UAL), American Airlines (AAL), and Southwest Airlines (LUV) all were profitable but lost money flying passengers in 2024.
Delta said it expects second-quarter revenue to rise or decline by 2% and adjusted EPS from $1.70 to $2.30, below the $2.41 consensus. The airline said it is not affirming or updating full-year projections at this time "given current uncertainty."
Analyst Forecast
According to 14 analysts, the average rating for DAL stock is "Strong Buy." The 12-month stock price forecast is $64.56, which is an increase of 68.30% from the latest price.
Technical Outlook
As of the time of writing,DAL shares are up 6.69% trading within a bullish pattern. The asset has more to run as hinted by the RSI at 31. DAL's chart pattern shows a bullish engulfing candlestick and a break above the $45 pivot point could cement the path for a bullish move to the 1-month high.
DAL) surges 8% today after the company reported adjusted earnings per share (EPS) of $0.46 on operating revenue of $14.04 billion. Analysts polled by Visible Alpha had forecast $0.39 and $13.89 billion, respectively.The company which provides scheduled air transportation for passengers and cargo in the United States and internationally reported passenger revenue per available seat mile (PRASM) of 16.78 cents and cost per available seat mile (CASM) of 19.69 cents; analysts had expected Delta to lose about 2.8 cents per ASM transporting passengers. Delta and domestic rivals United Airlines (UAL), American Airlines (AAL), and Southwest Airlines (LUV) all were profitable but lost money flying passengers in 2024.
Delta said it expects second-quarter revenue to rise or decline by 2% and adjusted EPS from $1.70 to $2.30, below the $2.41 consensus. The airline said it is not affirming or updating full-year projections at this time "given current uncertainty."
Analyst Forecast
According to 14 analysts, the average rating for DAL stock is "Strong Buy." The 12-month stock price forecast is $64.56, which is an increase of 68.30% from the latest price.
Technical Outlook
As of the time of writing,
DAL shares are up 6.69% trading within a bullish pattern. The asset has more to run as hinted by the RSI at 31. DAL's chart pattern shows a bullish engulfing candlestick and a break above the $45 pivot point could cement the path for a bullish move to the 1-month high. 
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