Delta Air Lines stock soars to all-time high of $67.6

In a remarkable display of resilience, Delta Air Lines Inc. (NYSE:DAL) stock has ascended to an all-time high, reaching a price level of $67.6. With a market capitalization of $43 billion and trailing twelve-month revenue of $60.3 billion, Delta commands a notably low P/E ratio of 8.5, according to InvestingPro data. This milestone underscores a period of significant recovery and growth for the airline, which has seen its stock value surge by 58.85% over the past year. The achievement of this all-time high represents a notable turnaround, especially in the context of the travel industry's challenges over the past few years. Investors and industry analysts alike are closely monitoring Delta's performance as it navigates the post-pandemic landscape, with many optimistic about the company's trajectory and its potential for sustained growth. Wall Street analysts maintain a strong bullish consensus, and InvestingPro analysis reveals 8 additional key insights about Delta's valuation and growth prospects, available in the comprehensive Pro Research Report.

In other recent news, Delta Air Lines exceeded Wall Street's expectations with robust earnings for the last quarter of 2024. The company reported a fourth-quarter adjusted profit of $1.85 per share, surpassing analyst estimates of $1.76, and revenue of $14.44 billion, beating expectations of $14.16 billion. Delta anticipates an adjusted profit for the first quarter of 2025 between 70 cents and $1 a share, outpacing analyst expectations, and forecasts revenue growth of up to 9% from the previous year, surpassing analyst projections of a 5.75% increase.

Delta's CEO, Ed Bastian, provided insights into the company's collaboration with Joby Aviation (NYSE:JOBY) Inc for air taxi services, stating that significant expansion would take several years. In a shift of partnerships, Delta ended its relationship with Lyft (NASDAQ:LYFT) and formed a new agreement with Uber (NYSE:UBER), allowing customers to earn miles through Uber rides and deliveries. This development was seen as a competitive blow to Lyft.

The company also made a strategic move by appointing Christophe Beck, the current Chairman and CEO of Ecolab Inc (NYSE:ECL)., to its board of directors. Beck's extensive leadership experience and technological background are expected to contribute to Delta's strategic direction.

These are some of the recent developments impacting Delta Air Lines, reflecting the company's strong financial performance and strategic initiatives.

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