Following the Carrier's Analyst Day, Delta Continues to be our Top Pick Among U.S. Airlines
No-moat Delta Air Lines held its analyst day on May 11. During the event, the carrier announced a 51% dividend increase and announced a new $5 billion share repurchase program. With the dividend increase, Delta will pay a dividend yield of around 2.5%. Based on the current share price, the repurchase program has the potential to take around 14% of shares outstanding off the market. This commitment to returning capital to shareholders combined with prudent capacity plans, continue to make the car...Delta Air Lines provides scheduled air transportation for passengers and cargo. The company serves the Transatlantic, Transpacific and Latin America markets directly on the company and through joint ventures with airline partners. Internationally, the company has hubs and market presence in Amsterdam, London-Heathrow, Mexico City, Paris-Charles de Gaulle and Seoul-Incheon. These arrangements are commercial joint ventures that include joint sales and marketing coordination, co-location of airport facilities and other commercial cooperation arrangements. The company has other businesses arising from its airline operations, including providing maintenance and engineering support for its regional aircraft.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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