Zombie Airlines Are Flying Into The Arms Of The Government [Forbes]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Forbes
In my last post in this forum a weekagoWithout policies that would enable them to survive, the consequences of a loss of passengers means no revenue, and a stock price that rapidly plummets toward zero. Since there is little revenue at the moment, the practice of spending free cash flow to buy back stock, as these companies did over the last few years, is probably over for now. Facing the grim reaper, they would now prefer that the government not only take an equity interest, but also mandate pricing and surcharges that would enable them to stay in business. In other words, these national air carriers become utilities run by the government.Indeed, as of the second week of April, 230 applications for aid from passenger carriers has been received by the Treasury (Source: Bloomberg April 11, 2020).Combined with the Fed’s recent decision to buy the bonds of issuers who have fallen from investment grade to junk under the new“Main Street New Loan Facility”Take for example, Delta Air Lines.
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News
- 'Fire him': Elon Musk and the billionaire CEO of Europe's biggest airline trade insults over Starlink [Yahoo! Finance]Yahoo! Finance
- ChatGPT Thinks Delta Air Lines Stock Will Close At This Price In The Next 60 Days [Yahoo! Finance]Yahoo! Finance
- Global In-Flight Catering Services Market to Worth Over US$ 30.23 Billion by 2033 | Astute Analytica [Yahoo! Finance Canada]Yahoo! Finance Canada
- Delta Air Lines (NYSE:DAL) had its price target raised by analysts at Evercore ISI from $75.00 to $85.00. They now have an "outperform" rating on the stock.MarketBeat
- Delta Air Lines (NYSE:DAL) had its price target raised by analysts at Seaport Global Securities from $80.00 to $89.00. They now have a "buy" rating on the stock.MarketBeat
DAL
Earnings
- 1/13/26 - Miss
DAL
Sec Filings
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- 1/16/26 - Form 4
- DAL's page on the SEC website