Added to YB: 2024-04-15
Pitch date: 2024-04-14
DAL [bullish]
Delta Air Lines, Inc.
+76.42%
current return
Author Info
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Company Info
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally.
Market Cap
$56.1B
Pitch Price
$45.95
Price Target
61.00 (-27%)
Dividend
1.00%
EV/EBITDA
5.90
P/E
14.22
EV/Sales
1.06
Sector
Passenger Airlines
Category
value
Delta Air Lines, Inc. – Sets the benchmark with decent Q1 results
DAL: Q1 record $13.75B rev (+8% YoY), beat by $890M. Demand strong, biz travel +14%. Operating margin 5.1% (+50bps YoY). $0.45 EPS (+80% YoY), beat by $0.08. $1.4B FCF, $11.6B net debt (-$400M QoQ). FY24 guide reaffirmed: $6-7 EPS, $3-4B FCF. Q2 guide in-line. Trades at 7x earnings (23% discount to 5yr avg). $61 PT for 17% annual return. Buy rating: quality pick in low-quality industry.
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