Delta Air Lines (DAL) continues to fall
Delta Air Lines (DAL) currently trades at $22.48 and has fallen by 9% after hours. Airlines around the world are hurting as COVID-19 decimates demand for air travel. Global revenues are forecast to fall by more than two-thirds and losses total $39 billion during the quarter ending in June, according to the International Air Transport Association (IATA).
Based on this information, investorsQ rates this stock 5 out of 10. We give it this rating based on current information. Cutting labor costs will be essential for airlines to survive the COVID-19 downturn. Staff compensation and benefits is the largest expense item for U.S. carriers, accounting for nearly a third of operating expenses during the three months ending in September 2019, according to the latest Airlines for America (A4A) data. The high forecast for Delta Air Lines is $90.00 and the low is $27.00. Notably, the company’s market cap is $14.39 billion with a 52 week high of $63.44 and a 52 week low of $19.10.