Delta Air Lines, Inc. (DAL) has a market cap of $43.8 billion, making it one of the largest U.S. airlines with a global network spanning six continents and employing 100,000 people. The stock has seen fluctuations but outperformed the S&P 500 Index in recent months, with strong Q3 results driving a 4% increase.
As a large-cap stock, Delta Air Lines offers passenger and cargo transportation, aircraft maintenance, and a loyalty program. Despite a 2% increase over the past 52 weeks, it lags behind the index’s return. However, the stock remains above its moving averages, showing stability and potential for growth.
Following its Q3 results, DAL shares rose over 4% thanks to strong revenue and EPS beating consensus estimates. Analysts remain optimistic, giving the stock a “Strong Buy” rating and a mean price target of $73.64, reflecting a nearly 9.7% premium to current levels. DAL’s key rival, United Airlines Holdings, Inc., has also seen positive trends in its stock performance.
Read more at Yahoo Finance: Is Delta Air Lines Stock Underperforming the S&P 500?
