NEW YORK (TheStreet) -- Shares of Delta Air Lines Inc. (DAL) are down -5.11% to $38.25 after it reported lower than expected international yields and lower business demand to Latin America due to the World Cup for the month of June.
Delta said consolidated passenger unit revenue (PRASM) for the month of June increased 4.5% year over year on domestic strength, and unit revenues increased 6% which was in line with initial guidance given in late April.
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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 multiple strengths, 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, reasonable valuation levels, solid stock price performance, compelling growth in net income and revenue growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow."