Revenue Update on Delta Air Lines(NYSE:DAL)

Delta Air Lines(NYSE:DAL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 14, 2016. Company reported revenue of $10.45B. Analysts estimated a revenue of $10.51B. Earnings per share were $1.47. Analysts had estimated an EPS of $1.51.

In a different note, On Jul 12, 2016, Deutsche Bank said it Upgrades its rating on Delta Air Lines. The shares have been rated ‘Buy’ by the firm. On Jul 6, 2016, Credit Suisse said it Maintains its rating on Delta Air Lines. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 28, 2016, Morgan Stanley said it Maintains its rating on Delta Air Lines. In the research note, the firm Lowers the price-target to $65.00 per share. The shares have been rated ‘Overweight’ by the firm.

Delta Air Lines (DAL) made into the market gainers list on Mondays trading session with the shares advancing 0.30% or 0.12 points. Due to strong positive momentum, the stock ended at $40.1, which is also near the day’s high of $40.52. The stock began the session at $40.17 and the volume stood at 82,85,460 shares. The 52-week high of the shares is $52.77 and the 52 week low is $32.6. The company has a current market capitalization of $30,031 M and it has 74,89,07,680 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, W Gilbert West (Sr. EVP & COO) sold 12,000 shares at $44.00 per share price.Also, On May 19, 2016, Edward H Bastian (Chief Executive Officer) sold 100,000 shares at $44.11 per share price.On May 18, 2016, Richard H Anderson (Exec. Chairman of the Board) sold 912,000 shares at $43.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Delta Air Lines Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s route network is centered on a system of hub and international gateway airports that it operates in Amsterdam Atlanta Detroit Los Angeles Minneapolis-St. Paul New York-LaGuardia New York-JFK Paris-Charles de Gaulle Salt Lake City Seattle and Tokyo-Narita. The Company’s segments include its Airline segment and Refinery segment. The Company’s Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.

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