Yahoo Finance Today’s Research Reports on Stocks to Watch: American Airlines and Delta Airlines
NEW YORK, NY / ACCESSWIRE / October 12, 2018 / Delta shares were flying higher in Thursday’s trading session on a stellar third quarter report. Shares of American Airlines weren’t as lucky and hit a new low. According to a report, the company’s Trans-Atlantic partnerships are under review.
RDI Initiates Coverage on:
American Airlines Group Inc.
https://rdinvesting.com/news/?ticker=AAL
Delta Air Lines, Inc.
https://rdinvesting.com/news/?ticker=DAL
American Airlines Group Inc. shares were down 1.08% on about 16.6 million shares traded. The airline won back those losses in after-hours trading seeing a gain of 1.34% but it wasn't before the stock sank to a new low of $30.75. The Wall Street Journal has reported that an agreement that allows American Airlines Group Inc. and European carriers such as British Airways to closely coordinate schedule and pricing for trans-Atlantic flights is under review in Britain. The U.K.’s Competition and Markets Authority said yesterday that it launched a review of the pact, aiming to complete the initial process by March. American Airlines has sunk about 40% this year so far. The company will be reporting its third-quarter 2018 financial results on October 25th.
Access RDI’s American Airlines Group Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAL
Delta Air Lines, Inc. shares were up 3.56% at the close on Thursday on nearly 16 million shares traded. The second largest airline in the U.S. announced third quarter results that beat expectations. For the quarter, net income jumped 13% to $1.31 billion. Revenue soared 8% to hit $11.95 billion. Adjusted earnings per share of $1.80 beat the estimate of $1.74 from analysts. Looking ahead the airline said it expects earnings of $1.10 to $1.30 per share, roughly in line with analyst expectations. CEO Edward H. Bastian said during the earnings call, "Earlier we reported a $1.6 billion pretax profit in the September quarter and earnings per share of $1.80, which was at the high end of our initial guidance. Our EPS was up 16% over last year, driven by strong revenue momentum, tax reform benefits and a 4% lower share count. The management of Delta products has never been greater. Our revenues grew 8% to nearly $12 billion, a record level for the company, and now we expect to achieve 8% top line growth for the full year."
Access RDI’s Delta Air Lines, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=DAL
Our Actionable Research on American Airlines Group Inc. (NASDAQ: AAL) and Delta Air Lines, Inc. (NYSE: DAL) can be downloaded free of charge at Research Driven Investing.
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