Earning on Flights by make Investment in Delta Air Lines - Analysis
Delta Air Lines, Inc. - one of the world's largest airlines, which holds leadership in such indicators as the volume of passenger traffic, the number of destinations and the size of the fleet. It is the only American carrier that operates flights to all continents except Antarctica. The history of Delta begins in 1924, when a pollination campaign company called Huff Daland Dusters was founded. This small branch of the manufacturer of military aircraft Huff Daland has gained popularity, as the first in the world began to use aviation to spray chemical pesticides in the fields.
Image Credit: Delta Air Lines
The headquarters of Delta is located in Atlanta, and the main hub is on the territory of Hartsfield-Jackson International Airport. Flights can be bought on the delta.com website, where you can check the flight status and go through electronic registration. The main discount program of the air carrier is SkyMiles, which allows you to get 5 miles for every dollar spent on the flight. Also issued credit cards Delta SkyMiles, providing holders with various bonuses.
On Tuesday, Delta launched a test of its new customer support program at the Ronald Reagan National Airport in Washington. With the help of interactive screens, passengers will be able to communicate with airline specialists in video chat. One of the screens is adapted for people with disabilities. Delta was the first air carrier in the US to provide video chat services. In mid-July, the company published its 2Q 2017 financials. EPS was $ 1.64, which is lower than the forecast for a symbolic $ 0.01. The profit of $ 10.79 billion did not reach the forecasts of $ 30 million, ie, 0.28%. Compared to the second quarter of 2016, profits increased by 3.3%, which is the first good result after several quarters of decline in annual terms.
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The past month was difficult for airlines, shares of many of them declined. But Delta, despite the decline, was slightly more stable than its competitors. Also worth noting is that options to buy shares of Delta showed on August 23 very high volatility. This may mean that a strong movement in stocks is approaching, a rally is up or a rapid fall. Most analysts expect an increase in the price of the asset.
Therefore, we recommend that you take long positions in shares of Delta Air Lines, Inc. starting at $ 46. Stop loss is fixed at $ 43.50. The profit is fixed in parts, starting from the level of $ 51.