Today’s Research Reports on Stocks to Watch: Delta Air Lines, Inc. and United Continental Holdings, Inc.
Delta Air Lines was up nearly 5% on Thursday after announcing fourth quarter earnings that beat the Street and announcing that the company could see a boost in profit this year. Shares of United Continental Holdings also saw gains after being ranked the top global carrier in 2017 green rankings.
RDI Initiates Coverage on:
Delta Air Lines, Inc.
United Continental Holdings, Inc.
Delta Air Lines, Inc. shares closed up 4.76% on nearly 26 million shares traded on Thursday. The stock also hit a new 52-week high of $59.20 during intra-day trading. Traders were impressed with the company announcing that rising revenue and lower corporate taxes would help the company see a boost in profit in 2018. The company beat in its fourth quarter earnings report. Earnings were reported at $572 million or 80 cents a share, with revenue of $10.2 billion. Without one-time items, earnings were $681 million, or 96 cents a share. This was ahead of what analysts had been expecting at adjusted EPS of 88 cents. For the current first quarter, the airline is expecting its unit revenue to increase in the range of 2.5% to 4.5%. The company also expects EPS of 60 to 80 cents, which is below the consensus for 82 cents.
Access RDI’s Delta Air Lines, Inc. Research Report at:
United Continental Holdings, Inc. shares closed up 4.61% on about 6.9 million shares on Thursday. The stock was one of the most active stocks trading on the NYSE. The company has been ranked number one among global carriers in Newsweek’s 2017 Global 500 Green Rankings. The company was 59th among 500 U.S brands and 100th among 500 global brands. Air Transport World (ATW) magazine also named United the Eco-Airline of the Year last year for the company’s environmental leadership, innovation and action within the industry. This is now the second time that United has been named the Eco-Airline of the Year. United’s managing director of environmental affairs and sustainability, Angela Foster-Rice remarked, "We are proud to be recognized as a global leader for our environmental stewardship. We will continue to innovate, in the air and on the ground, as we strive to make United the most environmentally sustainable airline in the world." On Tuesday, the company reported that in the quarter ending Dec 2017, consolidated traffic and capacity increased 2.7% and 3.7% respectively while the consolidated load factor declined 0.8 points.
Access RDI’s United Continental Holdings, Inc. Research Report at:
Our Actionable Research on Delta Air Lines, Inc. (NYSE: DAL) and United Continental Holdings, Inc. (NYSE: UAL) can be downloaded free of charge at Research Driven Investing.
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