Delta Air Lines, Inc (NYSE:DAL) reported on Wednesday that its joint venture with Saudi Arabia’s national airline would be more widespread than earlier reported, a year after coming under fire from religious group regarding the intended relation.
The newly rebranded Saudi Arabia current week linked with Delta directed Sky Team global marketing agreement, offering the accord with its first Middle East associates.
Delta faced a stream of negative advertising previous June when media reports advised its ties with Saudi Arabia would direct to favoritism against several United States passengers on religious reasons due to Saudi Arabia’s visa policies.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Alaska Air Group, Inc. (NYSE:ALK) fell -1.49% to settle at $33.62, United Continental Holdings Inc (NYSE:UAL) moved up +1.21% to end at $24.17 while US Airways Group, Inc. (NYSE:LCC) jumped +0.55% to finish on Wednesday at $12.69.
Delta Air Lines, Inc. (NYSE:DAL) last session volume of 13.80 million shares was surprisingly higher than its average volume of 12.60 million shares. The stock after opening at $11.70 hit high price of $12.00 and then closed at $11.75 by scoring -0.42%.
DAL generated revenue of 15.34 billion in the following twelve months and earned -$4326.00 million. The Company showed a negative -28.06% in the net profit margin and as well as in its operating margin which remained -24.58%.
The DAL past twelve months price to sales ratio was 0.65 and price to cash ratio remained 5.93. As far as the returns are concern, the DAL dropped -26.31% return on investment while its return on asset stayed at -18.83%.
The stock showed weekly upbeat performance of +11.48% which was maintained for the month at +7.21%. Likewise the positive performance for the quarter was recorded as +19.78% and for the year was +16.57% while the YTD performance remained at +45.24%.
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