Thursday, July 16, 2015

Delta Air Lines: Earnings Are Better Than Appearance


Summary

  • Delta Air Lines easily surpassed analyst estimates for Q2'15.
  • The airline ramped up the capital return plan by returning $1 billion to shareholders during the quarter.
  • The stock remains inexpensive at 10x current year EPS estimates and catalysts for higher earnings going forward.
  Another strong quarter by Delta Air Lines (NYSE:DAL) is apparently not appreciated by the market. The stock initially dropped over a $1 before rebounding. Not only did the airline beat analyst estimates, but also the company produced several financial metrics typically associated with much higher stock prices.

 Read the full article at Seeking Alpha.


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