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Why Delta Air Lines (DAL) Hit an All-Time High Today

NEW YORK (TheStreet) -- Delta Air Lines (DAL - Get Report) hit an all-time high of $34.19 as of 11:10 a.m. on Tuesday after the company announced that its February consolidated passenger unit revenue rose 4% year over year.

Passenger revenue per available seat mile, or PRASM, is a key indicator of strength within the airline industry. Delta's PRASM in February rose due to strong domestic demand and gains in the trans-Atlantic entity. Delta canceled 8,000 flights during the month as a result of harsh winter weather, and February's PRASM included 0.5 benefit points from those cancellations.

Delta successfully completed 95.5% of its February flights and had an on-time arrival rate of 77.5%. Finally, the company projected a fuel price per gallon of $2.99 to $3.04 for the first quarter.

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TheStreet Ratings team rates DELTA AIR LINES INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate DELTA AIR LINES INC (DAL) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations, solid stock price performance, compelling growth in net income and revenue growth. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • Compared to other companies in the Airlines industry and the overall market, DELTA AIR LINES INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly increased by 105.63% to $1,131.00 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 65.82%.
  • Powered by its strong earnings growth of 98800.00% and other important driving factors, this stock has surged by 133.49% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, DAL should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Airlines industry. The net income increased by 141216.7% when compared to the same quarter one year prior, rising from $6.00 million to $8,479.00 million.
  • DAL's revenue growth trails the industry average of 31.1%. Since the same quarter one year prior, revenues slightly increased by 5.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • You can view the full analysis from the report here: DAL Ratings Report

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