What Analysts Think of Delta Air Lines Stock Ahead of Earnings | Global News Avenue

Delta Air Lines (Dar) will report fourth-quarter fiscal 2024 earnings before the bell on Friday, with analysts expecting increases in both revenue and adjusted profit.

Analysts are bullish on the airline, with all 13 analysts tracked by Visible Alpha maintaining “Buy” rating Delta Air Lines Stock. analysts’ average price target The stock is trading at $76.85, up 30% from Friday’s closing price of $59.

The airline is expected to report $14.87 billion income In the fourth quarter, it increased by approximately 4.6% compared with the same period last year. net incomeHowever, it is expected to fall 45% to $1.12 billion from $2.04 billion in the same period last year.

Delta Air Lines’ fourth-quarter 2023 net profit was driven by a positive adjustment in the airline’s investment value as its bet on the wheel (upPrivate air travel services became more valuable as the company’s stock price rose during the quarter. After accounting for changes in value, Delta’s Adjusted net profit Revenues, which were $826 million a year ago, are expected to have risen to $1.15 billion.

Quality products drive Delta’s plans for 2025 and beyond

in airlines November Investor DayDelta Air Lines said growing demand for intergenerational travel gives it confidence that revenue from its premium seating products will continue to grow.

Delta Air Lines said it expects revenue and Earnings per share (EPS) The company’s sales will rise in the coming years as its premium products expand and profit margins improve.

The airline is still in its legal battle With CrowdStrike (Add, delete, modify and check) filed a lawsuit late last year seeking damages. Last Summer’s Windows Outage CrowdStrike update caused thousands of Delta Air Lines flights to be canceled, causing $500 million in losses. CrowdStrike has Express irresponsibility over Delta’s handling of the outage and seeking to have the lawsuit dismissed by citing liability and damages cap provisions in the contract. CNBC reported last month.

The airline’s shares have risen nearly 50% in the past 12 months.