Delta Air Lines, Inc. (DAL) Stock Soars After Strong Earnings Release

“However, low fuel prices and foreign currency have pressured our revenue performance”, said Ed Bastian, Delta’s president.

Delta Air Lines, Inc. gives arranged air transportation to travelers and payload around the world. Shares of Delta Air Lines, Inc. rose by 3.28% in the last five trading days and 3.37% for the last 4 weeks. Delta’s revenue declined modestly (less than 1%) to $11.11 billion, roughly matching analysts’ expectations.

Get more air cargo insights at the 2015 Cargo Facts Symposium, October 26-28 in Miami. And while its profits topped forecasts, Delta said that a measure known as passenger revenue fell 4.9% from a year ago.

He further went praised his team and said: “It’s an honor to recognize the hard work of 80,000 outstanding Delta employees with over $1 billion of profit sharing accrued so far this year”.

The carrier said the move was a result of the retirement of six B747-400 aircraft as well as the continued yen devaluation and average fare decline with a lower fuel surcharge.

The strong bid also has resulted in shares of Delta stock trading above all key moving averages and signaled a golden cross.

The certification signifies that Delta’s Premium Sales and Service teams, which provide assistance to customers counting SkyMiles Diamond, Platinum and Gold Medallion members, have attained the high benchmark established by J.D. Power for contact center customer service and operational performance. Jet fuel is typically an airline’s largest or second-largest expense.

Delta’s overall revenue was $11.1 billion during the quarter, down about 1 percent from a year earlier.

Shares of Delta Air Lines traded up 2.73% on Monday, reaching $48.50.

BlackRock reported $50 billion in total net inflows for the third quarter. (NYSE:DAL) monthly performance stands at 1.79% while its year to date performance is -2.29%. Models outfitted with Pratt & Whitney engines, for example, range from $25 million for the oldest to $78 million for a 2013 vintage. On Jan 23, 2015, the shares registered one year high at $51.06 and the one-year low was seen on October 13, 2014.

Credit Suisse reiterated their top pick rating on shares of Delta Air Lines in a report published on Friday, Market Beat Ratings reports. This technical formation occurs when the 50-day and 200-day simple moving averages move into proper alignment, with the former crossing above the latter.

Morgan Stanley closed at $32.62 after losing -0.56% for the day. Goldman Sachs restated a buy rating and set a $60.00 price target on shares of Delta Air Lines in a research report on Friday, July 3rd. After posting an 81.98% gain in 2014, Delta stock has retreated 1.39% this year.

Canaccord Genuity Inc analyst Ken Herbert said in a research note that he believes a rate cut on the 777 is coming. The shares were sold at an average price of $42.52, for a total value of $3,189,000.00.

Zacks uses an average brokerage recommendation (ABR) rating system in order to provide a simplified scale for understanding the calculated average of the actual Buy, Sell, Hold ratings made by research analysts. The sections of the Company’s comprise its Airline section and Refinery section.

BlackRock posted earnings of $5 per share and revenue of $2.91 billion.