Delta Air Lines (DAL) presented at their 2020 Annual Shareholders Meeting that business is getting back to normal far faster than the market originally expected. Yet, the airline appears far too negative on their path back to cash flow breakeven.The stock is trading around $28 here making any investors buying on the Warren Buffett lows of $20.75 very happy. For a stock that traded above $60 pre-virus, the current price is just a start in the ramp back to normal.Vast Cash Flow ImprovementsDelta Air Lines has seen daily cash burn improve from nearly $100 million back in early April when the crisis hit domestic air travel to $30 million now in June. The airline still isn’t seeing a huge boost from revenues as passengers are only back to 20% of 2019 levels. As well, Delta was more reliant on the business traveler that isn’t back flying yet.The airline is seeing revenues...
As the COVID-19 crisis continues to take its toll on the U.S. economy, economists are expecting that consumption is rebounding but income falls further....
Nike's disappointing fourth-quarter results reflected the harsh COVID-19 reality facing most retail brands. However, the fundamentals of the Swoosh brand remain strong, with the company hanging its hat on numerous bright spots centered around its digital platforms. ...
Nike's (NKE) disappointing fourth-quarter results reflected the harsh COVID-19 reality facing most retail brands. However, the fundamentals of the Swoosh brand remain strong, with the company hanging its hat on numerous bright spots centered around its digital platforms. ...
The automaker unveiled the all new version of America’s top selling vehicle at an online event on Thursday night, claiming the new all F-150 is targeting the most “towing, payload, torque and horsepower of any light-duty full-size pickup,” all the while providing a completely new interior and technology package, updated exterior styling, and productivity tools like an integrated power generator, and tailgate that doubles as a workbench. ...
