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Jan. 25, 2022, 3:07 a.m. EST

Delta Air Lines lifted to buy from hold at Berenberg, which favors U.S. over Europe carriers

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By Barbara Kollmeyer

Delta Air Lines /zigman2/quotes/200327741/composite DAL +0.83% was upgraded to buy from hold by Berenberg analysts, who see "a better value propopsition than the European flag carriers. The U.S. airlines' demand recovery is more advanced (partly due to their domestic bias), valuations are more compelling relative to history and balance sheets are generally in a better position; the European carriers have been far more hampered by travel restrictions over the past two years," said analysts Conor Dwyer and William Fitzalan Howard, in a note to clients on Tuesday. They like buy-rated Southwest Airlines /zigman2/quotes/201071949/composite LUV -0.17% for its revenue visibility and balance sheet, the best within in their airlines coverage, while Southwest's recently renegotiated credit card deal with Chase has "the potential to offer a material profit contribution," they said. The analysts kept a hold rating on American Airlines /zigman2/quotes/209207041/composite AAL +0.58% and United Airlines /zigman2/quotes/205037281/composite UAL +0.72% .

/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 37.53
+0.31 +0.83%
Volume: 903,212
May 25, 2022 9:56a
P/E Ratio
47.46
Dividend Yield
0.00%
Market Cap
$23.86 billion
Rev. per Employee
$422,868
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/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 41.66
-0.07 -0.17%
Volume: 397,394
May 25, 2022 9:55a
P/E Ratio
44.11
Dividend Yield
0.00%
Market Cap
$24.74 billion
Rev. per Employee
$334,519
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/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 15.59
+0.09 +0.58%
Volume: 3.56M
May 25, 2022 9:55a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$10.07 billion
Rev. per Employee
$281,791
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/zigman2/quotes/205037281/composite
US : U.S.: Nasdaq
$ 41.87
+0.30 +0.72%
Volume: 1.07M
May 25, 2022 9:55a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$13.58 billion
Rev. per Employee
$344,578
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