Delta Air Lines rose 1.1% during the morning session to $36.12 per share. As reported by Barrons: "Delta Air Lines is offering its pilots a 34% raise over three years, in a move set to significantly escalate labor costs facing the wider sector in the years ahead. The carrier has reached an agreement in principle with its pilots, which still has to be approved by union leaders and then voted on ..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company belongs to the Industrials sector, which has an average price to earnings (P/E) ratio of 21.46 and an average price to book (P/B) ratio of 3.7. In contrast, Delta Air Lines has a trailing 12 month P/E ratio of 277.8 and a P/B ratio of 5.0.
Delta Air Lines has moved -6.4% over the last year compared to -11.3% for the S&P 500 -- a difference of 5.0%. Delta Air Lines has a 52 week high of $46.27 and a 52 week low of $27.2. At today's price of $36.12 per share, Delta Air Lines is -25.99% away from its target price of $48.8, and on average, analysts give the stock a rating of buy.3.2% of the company's shares are linked to short positions, and 67.5% of the shares are owned by institutional investors.