20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Delta Air Lines, Inc. (NYSE:DAL) shares are trading lower on Tuesday.
In an exchange filing, the company said it expects to deliver year-over-year total revenue growth in the top half of the initial guidance range for the March quarter.
In a press release dated Jan. 12, the company said it expects revenue growth of 3%–6% and an operating margin of ~5% on an adjusted basis.
Delta Air Lines reiterated its FY24 forecast of $6-$7 earnings per share, versus $6.48 estimate. The company sees Adjusted Debt to EBITDA ratio of 2x-3x.
For the first quarter, the analyst expects earnings per share of $0.25-$0.50 versus the $0.36 estimate.
Meanwhile, the company’s peer Southwest Airlines Co (NYSE:LUV) lowered first-quarter guidance today, attributing the decline to higher completion factors and reduced Boeing aircraft deliveries.
Economic Fuel Costs Per Gallon rose, and hiring classes halted, but the company anticipates a return to profitability in March.
Read Next: Why Southwest Airlines Shares Are Diving Tuesday
DAL Price Action: Delta Air Lines shares are trading lower by 1.73% to $41.94 on the last check Tuesday.
Photo: Shutterstock
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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