13.10.2016 - We forecast a fall of Delta Airlines price
Delta Airlines has published a report according to which the net profit in the third quarter was 1.26 billion compared with 1.32 billion a year earlier. It should be noted that revenue fell by 5.6% to 10.48 billion dollars, lower than the forecast of 10.53 billion. In the 4th quarter the company expects to increase traffic volume by 1%, but profitability in this period may be slightly reduced. According to our estimates, the company's quotations may show a decline of 12-18% in the coming months.