Revenue Update on Delta Air Lines(NYSE:DAL)

Delta Air Lines(NYSE:DAL) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Apr 14, 2016. Company reported revenue of $9.25B. Analysts estimated a revenue of $9.27B. Earnings per share were $1.32. Analysts had estimated an EPS of $1.29.

In a different note, On Apr 1, 2016, Deutsche Bank said it Downgrades its rating on Delta Air Lines. The shares have been rated ‘Hold’ by the firm. Stephens & Co. said it Initiates Coverage on Delta Air Lines, according to a research note issued on Mar 29, 2016. The shares have been rated ‘Overweight’ by the firm. On Feb 4, 2016, JP Morgan said it Maintains its rating on Delta Air Lines. In the research note, the firm Lowers the price-target to $74.00 per share. The shares have been rated ‘Overweight’ by the firm.

Delta Air Lines (DAL) shares turned negative on Mondays trading session with the shares closing down -0.95 points or -2.00% at a volume of 1,16,64,665. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $47.65. The peak price level was also seen at $47.65 while the days lowest was $46.21. Finally the shares closed at $46.55. The 52-week high of the shares is $52.77 while the 52-week low is $34.61. According to the latest information available, the market cap of the company is $35,917 M.

Several Insider Transactions has been reported to the SEC. On Apr 8, 2016, John S Brinzo (director) sold 2,480 shares at $46.94 per share price.Also, On Feb 26, 2016, Richard H Anderson (Chief Executive Officer) sold 82,000 shares at $48.75 per share price.On Feb 25, 2016, Joanne D Smith (EVP & Chief HR Officer) sold 3,000 shares at $48.04 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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