Skip to main content

Market Overview

Delta Kicks Off Airline Earnings This Week

Share:
Delta Kicks Off Airline Earnings This Week

Airline stocks have rallied in the second half of 2016, driven by improved fundamentals, a post-election rally and Warren Buffett’s investment in the sector.

on track to continue that run into 2017.

Airlines are expected to report strong fourth-quarter results on the back of higher demand for business and leisure travel in the fourth quarter. Further, an uptick in fuel prices is set to boost a key metric — revenue per available seat mile, which determines the revenue generated by one passenger flying one mile.

Earnings Schedule

Here is the list of upcoming earnings of major airlines:

  • Delta Air Lines, Inc. (NYSE: DAL) will kick off the airline earnings on Thursday. The Street expects EPS of $0.82 on revenue of $9.35 billion. The mean recommendation comes in at 1.8, and the average target price totals $59.07.
  • United Continental Holdings Inc (NYSE: UAL) is expected to report its quarterly numbers between January 19 and 23. Street estimates earnings of $1.39 a share on revenue of $8.85 billion. The mean recommendation is 2.1 and average price target stands at $80.91.

    American Airlines Group Inc (NASDAQ: AAL) is anticipated to release its fourth-quarter report between January 27 and 31. The consensus estimate calls for EPS of $0.78 on revenue of $9.57 billion. The mean recommendation stands at 2.5, with average price target at $53.33.

  • Southwest Airlines Co (NYSE: LUV) is scheduled to report its fourth-quarter results on January 26. Street expects EPS of $0.66 on revenue of $4.98 billion. The mean recommendation is 1.9 and average price target stands at $57.23.
  • JetBlue Airways Corporation (NASDAQ: JBLU) is expected to announce its quarterly performance on between January 26 and 30. The average earnings estimate stands at $0.48, with revenue forecast pegged at $1.63 billion. The mean recommendation is 2.3 and average price target stands at $25.67.
  • Alaska Air Group, Inc. (NYSE: ALK) will report its fourth-quarter numbers between January 19 and 23. Wall Street sees EPS of $1.33 on revenue of $1.42 billion. The mean recommendation stands at 2.2, with average price target at $98.12.
  • Hawaiian Holdings, Inc. (NASDAQ: HA) is expected to release its quarterly results between January 24 and 30. Street estimates call for EPS of $1.35 on revenue of $625.47 million. The mean recommendation is 2.7, with average price target at $54.78.
  •  

    Related Articles (ALK + AAL)

    View Comments and Join the Discussion!

    Posted-In: Airliners airlinesEarnings News Previews Travel Trading Ideas General Best of Benzinga

    Don't Miss Any Updates!
    News Directly in Your Inbox
    Subscribe to:
    Benzinga Premarket Activity
    Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
    Market in 5 Minutes
    Everything you need to know about the market - quick & easy.
    Fintech Focus
    A daily collection of all things fintech, interesting developments and market updates.
    SPAC
    Everything you need to know about the latest SPAC news.
    Thank You

    Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com