Originally Posted by
forgot to bid
Delta Air Lines (DAL) reports in a SEC filing (8-K) that unit revenues in March rose 2% Y/Y with gains from trans-Atlantic and Latin units partially offsetting a soft performance in the Pacific due to a weakening yen. The carrier says the reduction from previous guidance is due to lower close-in bookings. DAL -4.1% premarket.
In a note, Cowan Securities analyst Helane Becker recommended: "Buy the dip as fundamentals remain strong (read: pilot costs were much less than expected)." She has a target price of $19.