Delta Air Lines (NYSE:DAL) reported stronger Q1 revenue and a rallying stock after Wells Fargo raised its price target, even as it warned of lower EPS guidance and weathered holiday airport restrictions and a firework strike incident that prompted an FAA probe but caused no injuries.
Previous Week Recap
- Delta Q1 Revenue Beat, EPS Miss: Delta Air Lines Q1 revenue $15.85B (+12.9% YoY), beat top line; missed EPS and guided next quarter below estimates. Stock rallied ~41.9%, trading near $93.09.
- Wells Fargo Rises DAL Target: Wells Fargo kept an Overweight on Delta Air Lines (DAL) and raised its price target to $105 from $75, citing an improved near-term outlook for the airline.
- DAL Operations Limited At Reagan: Delta Air Lines (DAL) faced limited arrivals and departures at Reagan National Airport July 3–5 due to airport restrictions, constraining its scheduled operations during that period.
- DAL Flight 1076 Firework Strike: Delta Air Lines (DAL) flight 1076 (A319) reported a firework strike at ~200–250 ft during final descent; 52 passengers, 6 crew landed safely. No damage or injuries; FAA opened probe.
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