Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Deutsche Bank Cuts Delta Air Lines to 'Hold'


Deutsche Bank downgraded Delta Air Lines (DAL) to hold from buy.

On Wednesday, the company posted a fourth-quarter loss of $1.71 (excluding items) on a 2.7% operating revenue rise. Analyst Susan Donofrio says management is now working on a new strategy plan (due in July) which she thinks will lessen the chance for a near term pilot deal. Additionally, she believes aggressive capacity growth and increased competition against JetBlue (JBLU) should also hold back earnings and stock performance as well.

She sees $2.60 first-quarter loss per share, and widened her $2.40 2004 loss estimate to $5.25 loss. The analyst cut her $28 price target to $13.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus