UPDATE: Delta Air Lines (DAL) Reports Q3 Revenues Miss
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Delta Air still burning cash as COVID-19 recovery remains elusive
October 13, 2020 8:35 AM EDTBy Tracy Rucinski
CHICAGO (Reuters) - Delta Air Lines does not expect to plug a daily cash bleed until next spring due to the COVID-19 pandemic, which hit its business harder than expected in the third quarter, Chief Executive Ed Bastian said on Tuesday.
With the timing and shape of a recovery still uncertain, Delta and other airlines have focused on cutting costs, boosting liquidity and restoring customer confidence.
But quarantines, fresh COVID-19 outbreaks in Europe and the United States, and uneven public health measures remain a deterrent, Bastian said.
Shares were down 3.2% in midday... More
Delta Air Lines (DAL) PT Raised to $42 at Susquehanna
October 13, 2020 6:40 AM EDTSusquehanna analyst Christopher Stathoulopoulos raised the price target on Delta Air Lines (NYSE: DAL) to $42.00 (from $35.00) while maintaining a Positive rating.... More
Airlines push to session highs as Trump approved a revised stimulus package
October 9, 2020 11:55 AM EDTAirlines push to session highs as Trump approved a revised stimulus package:
American Airlines (NASDAQ: AAL)Alaska Air Group (NYSE: ALK)Delta Air Lines (NYSE: DAL)JetBlue Airways (NASDAQ: JBLU)Southwest Airlines (NYSE: LUV)United Airlines (NASDAQ: UAL)Boeing (NYSE: BA)... MoreA V-shaped recovery remains intact - Morgan Stanley
October 9, 2020 10:45 AM EDTA team of analysts at Morgan Stanley, led by Adam Virgadamo, believes that recovery remains intact as incoming data continues to underpin the V-shaped recovery thesis.
Morgan Stanleys Global Economics team expects global and DM GDP to reach their pre-Covid levels by 4Q20 and 3Q21, respectively.
Global economic indicators are tracing a strong and broad-based bounce back from their April lows, global PMIs have been in expansion since June, retail sales in the US, the UK and in the Euro area are already running above pre-Covid levels, our Trade Indicator signaled growth in global trade... More
