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

Oculus acquired Danish eye-tracking technology company The Eye Tribe
Dec 30, 2016 - 01:16
In 2014, the Eye Tribe started shipping its "Eye Tracking Software Development Kit". I'm very, very in tune with what's going on in eye tracking research in Oculus ".

isis-killer-beheading-video-story-top Nick and Vanessa Lachey Welcome Son Phoenix
Dec 29, 2016 - 06:54
Singer-actor Nick Lachey and his wife Vanessa Lachey (née Minnillo) became parents for the third time on Saturday. The couple's other children are son Camden John, 4, and daughter Brooklyn Elisabeth, who turns 1 on January 5.

isis-killer-beheading-video-story-top George Michael in James Corden's first ever Carpool Karaoke
Dec 29, 2016 - 05:24
The comedian and TV host wrote that he had loved the pop superstar for as long as he could remember. James Corden paid homage to George Michael on Twitter, describing him as an "absolute inspiration".

isis-killer-beheading-video-story-top Cleveland Indians Add Edwin Encarnacion
Dec 29, 2016 - 02:51
The Indians failed to close out on the Cubs, but all in all they still had one of their best campaigns in recent years. The Cleveland Indians got their man, reaching a three-year agreement with free agent Edwin Encarnacion .