
Delta Air Lines has reaffirmed its fourth-quarter outlook, projecting mid-single-digit sales growth for 2024, consistent with Wall Street expectations. The airline is focusing on premium travel, predicting that revenue from premium passengers will surpass that from main cabin services by 2027. Delta is also implementing new fare subcategories in 2025 and considering a higher-end American Express credit card to attract premium travelers. The company outlined long-term financial targets during its recent investor day, emphasizing its strategy to cater to customers willing to pay for additional services. Despite these developments, Delta's shares fell slightly by over 1%.
$KD Oppenheimer raises their PT to $37 from $33 — "We are incrementally positive after the investor day, as management announced a $300M share buyback program and highlighted a path to ~$1B of FCF (~$4.50/ share) in FY28E, vs. ~$300M in FY25E. Management introduced a new set of…
Delta Air Lines is doubling down on its focus on premium travelers and courting customers who are willing to pay for extra services. https://t.co/McfpdR5EoN
Shares of $UAL out flying $DAL shares this year! But could it be a short flight? @CarterBWorth lays out a pairs trade. He also gives a $MSTR update: https://t.co/AkIU5S1Ir8

