Update shared on10 Jul 2025
Fair value Increased 22%Wowsers!
With today's trading update on Q2, Delta has smashed all expectations: In a time of year when many others are struggling to turn a profit, reaping the bulk of their earnings over the summer and the Holidays towards the end of the year, the guys from Atlanta achieved a whopping 2.7 cents of gross profit per available seat mile (with total revenue per ASM at 21.4 cents and total cost per ASM at 18.7 cents). Small wonder the shares pop by over 10 per cent pre market.
Cash flow was also very healthy, allowing for a decent chipping away at net debt to the tune of $1.7bn from a total of $16.3bn at the end of 2024.
Delta keeps performing up and above of estimates - and outside of a return of trade war doom scenarios à la April, the stock remains the top favourite within the industry, allowing for a moderate increase of its fair value relative to April.
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