On Monday morning, a Delta Air Lines (DAL, Financial) flight experienced an engine fire incident while readying for departure from Orlando International Airport. The Airbus (EADSY) A330 was seen emitting flames and smoke from its rear, as captured in a video shared by onlookers. Fortunately, there have been no injuries reported from this event.
In response, Delta issued a statement apologizing for the disruption and acknowledging the cooperation of its customers. The airline emphasized its commitment to safety as its top priority and assured passengers that efforts are underway to ensure they reach their planned destinations promptly.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Delta Air Lines Inc (DAL, Financial) is $56.30 with a high estimate of $88.00 and a low estimate of $36.77. The average target implies an upside of 42.65% from the current price of $39.47. More detailed estimate data can be found on the Delta Air Lines Inc (DAL) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Delta Air Lines Inc's (DAL, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Delta Air Lines Inc (DAL, Financial) in one year is $44.67, suggesting a upside of 13.17% from the current price of $39.47. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Delta Air Lines Inc (DAL) Summary page.