Delta Air Lines Stock (DAL) Is About to Report Q2 Earnings Today. Here Is What to Expect
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Also, revenues are expected to decrease by 7% from the year-ago quarter to $15.46 billion, according to data from the TipRanks Forecast page. It's important to note that Delta Air Lines has missed EPS estimates in three out of the past nine consecutive quarters.
Analysts' Views Ahead of DAL's Q2 Earnings
Ahead of Delta Air Lines' Q2 print, UBS analyst Thomas Wadewitz sees DAL as the strongest among the big airline carriers. He expects the company to report earnings of $2.03 per share in Q2, just below the $2.06 market view, and $5.07 for the full year. Also, he reduced his price target from $66 to $63 due to weaker demand in the second half but kept a Buy rating on the stock.
Also, Bank of America Securities' analyst Andrew Didora maintained a Buy rating with a price target of $56 per share. He expects Delta to post results in line with expectations, with earnings per share around $2 and revenue near the midpoint of the company's guidance. He also raised his 2025 earnings estimate to $5.35, up from $5.20.
Options Traders Anticipate a Large Move
Using TipRanks' Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don't worry, the Options tool does this for you.
Indeed, it currently says that options traders are expecting a 7.16% move in either direction.
Is DAL Stock a Buy or Sell?
Analysts remain bullish about Delta Air Lines' stock trajectory. With nine Buy ratings and two Hold ratings, DAL stock commands a Strong Buy consensus rating on TipRanks. Also, the average DAL price target of $58.09 implies 14.58% upside potential from current levels.
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The Hill
16 minutes ago
- The Hill
China's growing influence in US sports demands a response
In May, the U.S. House passed the 'DHS Restrictions on Confucius Institutes and Chinese Entities of Concern Act.' The bill aims to reduce Chinese influence at U.S. universities by limiting funding to institutions with ties to Chinese government-backed entities. This includes the Confucius Institutes, which are fully funded by the Chinese government to manipulate public opinion in the U.S. Although Congress is focused on Chinese influence on U.S. college campuses, the Chinese government has deftly transitioned to another American institution to influence U.S. public opinion — namely, sports entertainment. The term 'sportswashing' entered our vocabulary around a decade ago. It is used to describe a country that cynically uses sports entertainment to improve its global reputation and deflect criticism of its human rights record. The creation of LIV Golf by Saudi Arabia is a perfect example. 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A public conversation about China's growing financial relationship with the NBA began in 2019, when then-Houston Rockets General Manager Daryl Morey expressed support for Hong Kong protesters fighting to preserve their democracy. His remarks led to a temporary ban of NBA broadcasts on Chinese state television, a halt in merchandise sales for the Houston Rockets, and Chinese corporate sponsors withdrawing support for the league. Morey's comments resulted in significant financial losses for the NBA. This prompted NBA Commissioner Adam Silver to release a statement criticizing Morey's comments by saying that he had 'deeply offended many of our friends and fans in China,' without ever mentioning the democracy protests and the crushing of civil rights taking place in Hong Kong at the time. The relationship between the NBA and China has only grown closer over the last decade. The NBA has long-standing partnerships with Chinese media outlets, including state-run China Central Television. 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There is real concern and unease among some NBA owners, league officials, and U.S. lawmakers about the NBA's growing financial dependency on China, and what it could mean for the league's future. The NBA, unlike the NFL and Major League Baseball, increasingly relies on revenue generated from a global audience, as domestic TV ratings continue to fall. The 2025 NBA Finals between the Oklahoma City Thunder and the Indiana Pacers averaged only 10.3 million viewers, making it one of the lowest-rated NBA Finals series ever. The NBA's growing partnership with China raises important questions. Can a league that has branded itself a progressive advocate for human rights at home continue to ignore China's human rights abuses, and even a potential military conflict with the United States over Taiwan, for purely financial reasons? Today, the Chinese government continues to wage a violent campaign against the Uyghurs in Xinjiang. Beijing has also ended Hong Kong's autonomy and fight for democracy and continues its brutal crackdown in Tibet. Under President Xi Jinping, China has imposed new national security laws, curbing human rights, restricting freedom of the press and speech, and jailing independent journalists and pro-democracy activists, while militarily threatening its neighbors — many of which are U.S. allies. Although lower domestic television ratings and revenue are not good for the NBA, the league's growing dependency on Chinese money and influence could pose a far greater problem in the future. The Chinese government chose the NBA to test its sportswashing efforts abroad for a reason. The NBA's public support of progressive causes, including Black Lives Matter, provide the Chinese government with an opportunity to manipulate domestic U.S. public opinion against U.S. lawmakers, public figures, and human rights organizations exposing China's human rights abuses. China not only views the NBA and its players as business partners, but also as willing critics of U.S. government policies at home and abroad. As the U.S. government and international human rights organizations continue to highlight the deteriorating human rights conditions in China, will the Trump Administration and the U.S. Congress seek to end China's sportswashing efforts in The United States, as they have attempted to do on U.S. college campuses? Will the NBA continue to permit China to use their growing financial influence over the league to distract American public opinion from China's growing human rights abuses? We don't know. What we do know is that China's attempt to influence U.S. public opinion through sports entertainment will continue unless U.S. lawmakers put an end to it.
The Hill
16 minutes ago
- The Hill
Judge tosses Trump's civil fraud penalty
Happy Thursday. Who else has been watching the U.S. Open's mixed doubles a week early? It's making me excited for the full tournament to start! In today's issue: US, EU trade details announced Texas, California redistricting efforts advance Trump picks new culture war fight NYT analysis: Voters flee Democratic Party Hurricane Erin's wild waves Trump just got a big legal win: A New York appeals court just tossed out the roughly $500 million civil fraud penalty against President Trump, giving him a big legal boost. Yes, but: The court didn't toss out the case entirely. Instead, Trump's appeal will likely move to the New York Supreme Court. Trump took his victory lap: The president called the ruling a 'TOTAL VICTORY' in a social media post, bashing the case as a 'Political Witch Hunt' and 'one of the worst business persecutions in the History of our Country.' 🔎 Read his full post Quick refresher on the case: A lower court determined that Trump, his eldest sons and another executive conspired to alter his net worth for tax and insurance benefits. 🔎 Read the opinion To misquote Arby's tagline — We got the deets!: The White House unveiled new details about the trade deal with the European Union. The gist: 15 percent blanket tariff on EU exports to the U.S. No tariff on industrial goods imported from the U.S. The EU will purchase at least $750 billion worth of U.S. energy over the next three years The EU will invest at least $600 billion in the U.S. 🔎 But there's a caveat: Auto tariffs won't be bumped down to 15 percent until Europe follows through on reducing tariffs on American goods. 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Boston Globe
16 minutes ago
- Boston Globe
US flight attendants are fed up like their Air Canada peers. Here's why they aren't likely to strike.
His situation isn't unique. Frustrations among flight attendants at both regional and legacy airlines have been building for years over paychecks that many of them say don't match the weight of what their jobs demand. Compounding the discontent over hourly wages is a long-standing airline practice of not paying attendants for the work they perform on the ground, like getting passengers on and off planes. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Air Canada's flight attendants put a public spotlight on these simmering issues when about 10,000 of them walked off the job last weekend, forcing the airline to cancel more than 3,000 flights. The strike ended Tuesday with a tentative deal that includes wage increases and, for the first time, pay for boarding passengers. Advertisement In the United States, however, the nearly century-old Railway Labor Act makes it far more difficult for union flight attendants like Miller, a member of the Association of Flight Attendants, to strike than most other American workers. Unlike the Boeing factory workers and Hollywood writers and actors who collectively stopped work in recent years, U.S. airline workers can only strike if federal mediators declare an impasse — and even then, the president or Congress can intervene. Advertisement For that reason, airline strikes are exceedingly rare. The last major one in the U.S. was over a decade ago by Spirit Airlines pilots, and most attempts since then have failed. American Airlines flight attendants tried in 2023 but were blocked by mediators. Without the ultimate bargaining chip, airline labor unions have seen their power eroded in contract talks that now stretch far beyond historical norms, according to Sara Nelson, the international president of the AFA. Negotiations that once took between a year and 18 months now drag on for three years, sometimes more. 'The right to strike is fundamental to collective bargaining, but it has been chipped away,' Nelson said. Her union represents 50,000 attendants, including the ones at United Airlines, Alaska Airlines and PSA Airlines. On Monday, she joined PSA flight attendants in protest outside Ronald Reagan Washington National Airport, near where an airliner operated by PSA crashed into the Potomac River in January after colliding with an Army helicopter. All 67 people on the two aircraft were killed, including the plane's pilot, co-pilot and two flight attendants. The airline's flight attendants also demonstrated outside three other U.S. airports. In a statement, PSA called the demonstrations 'one of the important ways flight attendants express their desire to get a deal done — and we share the same goal.' Flight attendants say their jobs have become more demanding in recent years. Planes are fuller, and faster turnaround times between flights are expected. Customers may see them mostly as uniforms that serve food and beverages, but the many hats attendants juggle include handling in-flight emergencies, deescalating conflicts and managing unruly passengers. Advertisement 'We have to know how to put out a lithium battery fire while at 30,000 feet, or perform CPR on a passenger who's had a heart attack. We're trained to evacuate a plane in 90 seconds, and we're always the last ones off,' said Becky Black, a PSA flight attendant in Dayton, Ohio, who is part of the union's negotiating team. And yet, Black says, their pay hasn't kept pace. PSA flight attendants have been bargaining for over two years for better wages and boarding pay. Alaska flight attendants spent just as long in talks before reaching a deal in February. At American, flight attendants began negotiations on a new contract in 2020 but didn't get one until 2024. Southwest Airlines attendants pushed even longer — over five years — before winning a new deal last year that delivered an immediate 22% wage hike and annual 3% increases through 2027. 'It was a great relief,' Alison Head, a longtime Southwest flight attendant based in Atlanta, said. 'Coming out of COVID, where you saw prices were high and individuals struggling, it really meant something.' The contract didn't include boarding pay but secured the industry's first paid maternity and parental leave, a historic win for the largely female workforce. A mother of two, Head said she returned to work 'fairly quickly' after having her first child because she couldn't afford to stay home. 'Now, new parents don't have to make that same hard decision,' she said. Many of her peers at other airlines are still waiting for their new contracts. Advertisement At United, attendants rejected a tentative agreement last month, with 71% voting no. The union is now surveying its members to understand why and plans to return to the bargaining table in December. One major sticking point: boarding pay. While Delta became the first U.S. airline to offer it in 2022 — followed by American and Alaska — many flight attendants still aren't compensated during what they call the busiest part of their shift. Back in Virginia Beach, Miller is still trying to make it work. On family vacations during his childhood, Miller said he was fascinated by flight attendants and their ability to make people feel comfortable and safe. Now he's got his dream job, but he isn't sure he can afford to keep doing it.
