Report
Chris Higgins
EUR 101.80 For Business Accounts Only

In a break with history, Delta will post positive operating margins across the full cycle.

No-moat Delta Air Lines reported fourth-quarter and full-year 2017 results. We’re encouraged by the evolution in passenger revenue per available seat mile, which grew 4.2% this quarter on a year-over-year basis due to firming yields and robust load factors. Against this backdrop of improving pricing, we think airline stocks could be poised for a strong second half in 2018 due to falling fuel prices. We’re planning to raise our fair value estimate for Delta by about $3 because of a slightly impro...
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Morningstar
Morningstar

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Analysts
Chris Higgins

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