Delta Air Lines Inc
DAL: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$95.00 | Xkhx | Fbnvgwxxz |
Delta Air Lines: Situation Normal, All Filled Up? Cutting Fair Value Estimate 32% to $41
We've taken a fresh look at North American airlines and instituted an industry-based demand model for air travel, capacity, and revenue. As a result, we have lowered our fair value estimate for no-moat Delta Air Lines to $41 per share from $60. We also reduced Delta's capital allocation rating from exemplary to standard to account for the limited potential of any of its internal investments to create durable economic returns.