{"id":188558,"date":"2023-04-14T11:30:00","date_gmt":"2023-04-14T15:30:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=188558"},"modified":"2023-04-14T12:55:36","modified_gmt":"2023-04-14T16:55:36","slug":"a-wing-and-a-prayer","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/a-wing-and-a-prayer\/","title":{"rendered":"A Wing And A Prayer"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"h-what-s-going-on\">What&#8217;s going on?<\/h2>\n\n\n\n<p>Delta Air Lines is&nbsp;<a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/delta-air-offers-bullish-outlook-international-travel-demand-2023-04-13\/\">gearing<\/a>&nbsp;up for brighter skies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-does-this-mean\">What does this mean?<\/h2>\n\n\n\n<p>Delta\u2019s last quarter was more turbulence than smooth sailing, with fluctuating fuel prices and flight-grounding storms racking up a worse-than-expected $363 million loss for the airline. Add to that a new pilot\u2019s contract including raises of 34%, and you\u2019d expect Delta to be hitting the panic button. But the airline\u2019s actually optimistic about the future: after all, it typically rakes in the majority of its revenue during the bustling spring and summer travel season, and international demand is currently flying high. In fact, Delta\u2019s already experiencing a surge of momentum, citing record bookings for the summer and boasting ten of the highest sales days in its history last month. That might be why the airline forecast better-than-expected revenue and profit for this quarter, sending stock skyward.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-should-i-care\">Why should I care?<\/h2>\n\n\n\n<p><strong><em>Zooming in:&nbsp;<\/em><\/strong><em>Going up in the world.<\/em><\/p>\n\n\n\n<p>Consumer demand could still falter if a recession hits, but Delta\u2019s staying positive. See, the firm\u2019s got a backup plan in case adversity strikes:&nbsp;<a href=\"https:\/\/www.reuters.com\/business\/aerospace-defense\/delta-bets-premium-travel-shock-absorber-economic-downturn-2023-04-12\/\">doubling down<\/a>&nbsp;on premium travel offerings. The thinking is that an economic nosedive might clip the wings of budget-conscious coach passengers, but it\u2019ll be barely noticed by well-heeled jet-setters (who are a whole lot more profitable for airlines anyway). The upshot: every day this year, Delta\u2019s planning to offer 15,000 more premium seats than it did in pre-pandemic times \u2013 including premium options on each flight from this summer onward.<br><br><strong><em>For markets:&nbsp;<\/em><\/strong><em>Crash landing.<\/em><\/p>\n\n\n\n<p>Airline stocks kicked off the year strong, but concerns that demand could fizzle out have investors biting their nails. Add in the recent oil price spike following the OPEC meeting earlier this month \u2013 which could further hike fuel costs \u2013 as well as the industry\u2019s lingering debt burden, and it\u2019s no wonder sentiment has reversed. In fact, investor bets against the industry are now at their&nbsp;<a href=\"https:\/\/www.bnnbloomberg.ca\/traders-are-betting-against-airlines-at-highest-rate-since-pandemic-1.1906438\">highest<\/a>&nbsp;since Covid struck.<\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>Originally Posted April 13, 2023 &#8211; <a href=\"https:\/\/go.finimize.com\/wp\/news\/a-wing-and-a-prayer-2\/\">A Wing And A Prayer<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Delta Air Lines on Thursday offered an upbeat outlook for summer travel demand that it expects will result in higher-than-expected profit for the quarter through June.<\/p>\n","protected":false},"author":186,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[7510,2778,7298],"contributors-categories":[13597],"class_list":{"0":"post-188558","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-north-america","7":"category-region","8":"category-securities","9":"category-stocks","10":"category-text-articles","11":"category-traders-insight","12":"tag-airline-stocks","13":"tag-airlines","14":"tag-delta-airlines","15":"contributors-categories-finimize"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A Wing And A Prayer | Traders&#039; 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