Delta Cancels Inherited Order for 18 Boeing 787 Dreamliners

United States airline Delta has agreed to cancel an order for 18 Boeing 787 Dreamliner aircraft, which is valued at more than $4bn (£3.2bn) at current list prices. (NYSE:DAL) now has P/E (Price to Earnings) ratio of 8.15 while the company's industry has 4.2 P/E and the sector P/E is 66.94.

Officials from Delta have said that airlines like Norwegian Air Shuttle are adding more flights which have started to exceed passenger demand and hurt unit revenue. IBM Retirement Fund's holdings in Delta Air Lines were worth $2,859,000 at the end of the most recent reporting period.

"This business decision is consistent with Delta's fleet strategy to prudently address our wide-body aircraft needs".

While specific terms of the agreement are not disclosed, the airline will continue to take delivery of new Boeing 737-900ER aircraft through 2019 as two orders totaling 120 of the narrowbody jet are fulfilled.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Delta Air Lines, Inc. Of them, 9 have a "buy", 0 suggested "sell", 3 said "hold" and 0 called "underperform" rating for the stock, according to Thomson Reuters data. The share price of the stock surged 15.57% for the year. (NYSE:DAL) reported earning per shares for the quarter ending Jan 12 BMO, whereas, 12 number of analysts estimated the mean EPS at 0.8. The recognition underscores Tibergien's profound and lasting contributions to the financial advice industry. "He is relentless in his commitment to advancing the profession and assisting advisors stay ahead of evolving trends".

Together with his role as the leader of Pershing Advisor Solutions-one of the country's leading custodians for registered investment advisors and family offices-Tibergien is also a managing director for Pershing and a member of its Executive Committee and BNY Mellon's Operating Committee. "Underperform" verdict was shared by 2 analysts and "Overweight" recommendation was issued by 3 analysts. Analysts anticipate that Delta Air Lines Inc. will post $5.24 earnings per share for the current fiscal year. Also, CEO Edward H. Bastian sold 50,000 shares of the business's stock in a transaction dated Wednesday, October 26th.

Related news:

Hot News

isis-killer-beheading-video-story-top DC Films' SUPERMAN and BLACK ADAM Meet For Drinks Over The Holidays
Dec 29, 2016 - 12:51
It looks like there will be a great collaboration between Dwayne "The Rock" Johnson and Henry Cavill happening in Man of Steel 2 . Speaking in an interview (via CBM ), Henry Cavill reveals that Superman's return will signal a fight to dominate the team.

isis-killer-beheading-video-story-top Subtle Shade? Blac Chyna Not Included in Kardashian Family Christmas Stocking Collection
Dec 29, 2016 - 08:24
Whether Kris Jenner and her daughters will want to deal with Rob, Chyna or any of their neverending drama is still up in the air. Not to be left behind, Rob also shared few pictures of Chyna holding adorable baby Dream .

isis-killer-beheading-video-story-top The last Xbox One S deals of 2016
Dec 29, 2016 - 06:11
Not quite as it looks like Microsoft and company are still dangling some bonus carrots over their batches of Xbox One . Last but not the least, most of the retailers are also offering an online-only deal for a $50 gift card.

A breakdown of Alien: Covenant's most important scene from its debut trailer
Dec 29, 2016 - 04:39
Here we have Katherine Waterston and an unidenfitied Covenant crew member facing down. well, we're not sure. It posed a tantalizing question. and it looks like it could be answered in Alien: Covenant .