Citi on Delta Air Lines (DAL): 'A Solid Print, In A Quarter That Was Far From Easy'

Citi analyst Stephen Trent reiterated a Buy rating and $72.00 price target on Delta Air Lines (NYSE: DAL)

The analyst comments "

Delta’s adj 1Q’25 EPS came in at $0.46, vs. Factset consensus of $0.38. Overall, these results show a carrier with a resilient business model, in light of significant uncertainties around demand and the global tariff controversy. Delta generated $1.3B in FCF during the quarter, and sees a double-digit EBIT margin for 2Q. Against this backdrop, it seems unfair to push management for suspending its full-year guide, without some basic clarity on the broad political- and economic environment. Citi maintains a Buy rating on the shares. Implications -- During the quarter, the carrier saw premium cabin revenue up 7%, vs. main cabin revenue growth down 1% over the same period. Loyalty program and travel-related services revenues rose 11% and 4%, respectively, while Delta continues to see solid co-branded card remuneration. Separately, Delta expects its non-fuel unit cost growth to be limited in the low-single-digits through the rest of the year."

For an analyst ratings summary and ratings history on Delta Air Lines click here. For more ratings news on Delta Air Lines click here.

Shares of Delta Air Lines closed at $35.88 yesterday.

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