Delta Air Lines, Inc (DAL)

[BoilerRoom]

$DAL Yes!!!!!

[ClayTrader]

* * $DAL Video Chart 05-04-2020 * *

Link to Video - click here to watch the technical chart video

[BoilerRoom]

$DAL Bought $50,000 on dip today holding up better then I expected. All in my favorite two airlines for long term. Easy double/triple from here

[JohnCM]

If you are cool holding for 12 months. Like shootin' fish in a barrel.

[StocksNcash]

Airlines are not going anywhere! The only restriction should be China! Close the F doors to them and bring our jobs back !!!

[DeadBatBounce]

DAL's lowest during this crisis was $19.10; it's interesting to see how low this is going. Of the four airline stocks BH just dumped ( UAL, DAL, LUV and AAL), AAL was the only one that seemed precarious before the crisis. GLTA.

[JohnCM]

BUY 19.90

Short term opp

[BoilerRoom]

Not all of them

[JohnCM]

We knew a week ago he sold airline(s).

[realfast95]

the airlines should get together and work with progressive insurance to offer discounts to all employees and customers, who switch from GEICO

GEICO is a wholly owned subsidiary of Berkshire Hathaway

[Dip-N-Rip]

Can’t believe he’s being so short sighted...does he really think nobody will travel again? He must have bought too high

[StocksNcash]

Buffet is total garbage

[StocksNcash]

Buffet is a total ASS !!! This is when we all need to pull together but what does he do !!!!! Selfish !!!! China is now our enemy

[BoilerRoom]

Jesus this is bad. All the Airline stocks are going to tank now.

[~ Blue ~]

~Buffett says he dumped entire stake in airline-sector stocks: ‘I just decided that I’d made a mistake…The world changed for airlines’ amid coronavirus

Published: May 2, 2020 at 9:36 p.m. ET
By Mark DeCambre

‘I was wrong about that business,’ Warren Buffett says of decision to unload stocks in United, American, Delta and Southwest Airlines

Warren Buffett says Berkshire Hathaway dumped all of its holdings in the airline sector, painting a grim picture of the industry that has been badly hurt by the COVID-19 pandemic.

“I was wrong about that business,” Buffett said, speaking on Saturday in Omaha, Neb., at Berkshire’s annual shareholder meeting, which was held virtually due to the deadly disease.

Back in April, Berkshire Hathaway BRK.A, -2.74% BRK.B, -2.50% disclosed that it sold large blocks of stock in Delta Air Lines DAL, -6.90% and Southwest Airlines LUV, -6.46%.

Subsidiaries of Berkshire sold 13 million Delta shares for a total of $314.2 million and 2.3 million Southwest shares amounting to more than $74 million, as he looked to substantially scale back his ownership of the airlines sector which has been devastated by stay-at-home protocols that have been put in place since the coronavirus epidemic took hold of the world over the past three months.

Buffett, however, explained that his company and its subsidiaries have now unloaded their entire stake in airlines.

Buffett explained at the meeting that he thought he was getting roughly 10% of the four largest airlines for an attractive price. He also owned stakes in American Airlines Group Inc. AAL, -11.40% and United Airlines Holdings Inc. UAL, -10.00%. Collectively, those airlines, represent some 80% of the passenger miles flown in the U.S., Buffett said.


But he determined recently that his decision, in light of the emerging pathogen, was ill-advised and he sought to unload his position: “I just decided that I’d made a mistake.”

As of the most recent filings, Berkshire had held 70 million shares of Delta representing 1.7% of the conglomerate’s portfolio, according to data provider Whale Wisdom. Berkshire also had roughly 54 million shares of Southwest, representing 1.2% of its holdings, 22 million shares of United Airlines, representing 0.8% and 42.5 million shares of American Airlines, about 0.5% of Berkshire, according to the site.

“The airline business, and I may be wrong, and I hope I’m wrong, changed in a major way,” he explained, noting that it has been through no fault of the CEOs of the companies. “I’ve been basically told not to fly,” he added, noting that he may not fly commercial going forward.

“I wouldn’t normally talk about it, but I think it requires an explanation,” he said of his decision to discuss selling airline stocks.

“We like those airlines but the world has changed…and I don’t know how it’s changed,” he said.

Shares of Delta, the largest airline by market capitalization, were down 59% in the year to date, United Airlines were off nearly 70% so far this year, Southwest was down by about 46% thus far in 2020, nd American Airlines was off 63% over the same period, as of Friday’s close. An exchange-traded fund that tracks the industry, U.S. Global Jets ETF JETS, -7.24%, was down by more than 55% in the year to date.

By comparison, the Dow Jones Industrial Average DJIA, -2.55% was off 17% so far this year, after recovering much of its March decline in April. The S&P 500 SPX, -2.80% was looking at a year-to-date loss of 12.4% and the Nasdaq Composite Index COMP, -3.20% was down 4.1% so far in 2020.

Airlines received a $25 billion U.S. government bailout back in mid April to prop up the industry

The Trump administration has reached an agreement in principle with major airlines over the terms of a $25 billion bailout to prop up an industry hobbled by the coronavirus pandemic.

Volumes for airlines are down substantially, according to industry groups, with the aircraft and passenger volume down more than 90%, compared with a year ago, according to industry group Airlines for America, and more than 3,000 planes have been idled, constituting about half of the active fleets.

https://www.marketwatch.com/story/buffett-dumps-entire-airline-stake-saying-the-world-changed-for-airlines-2020-05-02?cx_testId=3&cx_testVariant=cx_2&cx_artPos=6#cxrecs_s

[realfast95]

it sounds like Buffet dumped all his airline stock in April

[sharky]

Nice pricing for a patience double + IMO



$DAL

[DeadBatBounce]

...been doing the same; and dumping half whenever it's $24+. Looks like we got a bonus this time. Be ready for the next cycle; GL.

[buysell101]

Been accumulating at that $22.50 hoping for a rally to the 50dma now....gl.

[buysell101]

Yeah definitely seems to be in that range but seems there is a lot of accumulated volume in that range with higher highs...seems like 50dma next stop...gl.

[sharky]

Signed on today, will be here for the show. :)




$DAL

[BoilerRoom]

Easy back to $60.00 a share

[sharky]

DAL 50.00+ doable by end of summer IMO




$DAL

[BoilerRoom]

$DAL $60.00 target

[BoilerRoom]

$DAL Happy I went long at $23.00

[sharky]

Possible time to buy in IMO



$DAL

[DeadBatBounce]

Perhaps... I'm hoping DAL will stay in the $22-$24 range for a little longer. I've been trading the predictive swings for the last 3 weeks and making decent gains.

[buysell101]

Short squeeze happening today in the airlines and cruise lines?

[ClayTrader]

* * $DAL Video Chart 04-22-2020 * *

Link to Video - click here to watch the technical chart video

[JohnCM]

[Jimmytown]

or JETR

This stock should go back to $1 by end of summer. (I used to work at Blue Star Jets, Ricky's last company) from what I can tell, my former coworkers are making a killing right now. A LOT of flights from NY to New Zealand (takes a big plane to make that trip, averages about $300,000 to charter and they are flying empty because nobody is taking a chance sharing a flight) This has been going on for a few weeks. March was the busiest they've been in years.

Lot of billionaire bunkers in New Zealand and you cant get there commercially right now. All we need is an earning's report

[JohnCM]

ETF Bull and Bear Discussion Board

[koolmc]

thanks for info didn't know they had etf for that

[Johnny_C]

Looking at it now but leaning towards AAL

[ClayTrader]

* * $DAL Video Chart 04-15-2020 * *

Link to Video - click here to watch the technical chart video

[JohnCM]

If you can't decide on which airline, buy JETS.

[Another Casualty]

Loading up this morning.

[StocksNcash]

I would kick his ass!!

[JohnCM]

My broker sold my position!

[koolmc]

26.89 hit afterhours

[Landshark]

and now taxpayers will have a vested interested in making sure they survive.

[StocksNcash]

Ok like we will never need airplanes again!just buy theses cheapies and see you back in the 60s!

[JohnCM]

‘This will lead to airline bankruptcies’ — flight attendant union furious with Treasury bailout offers

APR 11 2020
Phil LeBeau
CNBC

“This will lead to airline bankruptcies,” said Sara Nelson, president of the Association of Flight Attendants union. “The Treasury Department is destabilizing the industry, not helping save it.”

Nelson’s anger is fueled by the Treasury Department deciding to make 30% of each cash grant offer a low interest loan payable to the federal government.

Less than 24 hours after the Treasury Department formally extended cash grant offers to the six largest airlines in the U.S., the union representing 120,000 flight attendants is blasting the move with a dire warning.

“This will lead to airline bankruptcies,” said Sara Nelson, president of the Association of Flight Attendants union. “The Treasury Department is destabilizing the industry, not helping save it.”

Nelson’s anger is fueled by the Treasury Department deciding to make 30% of each cash grant offer a low interest loan payable to the federal government.

That move, which caught many airline executives by surprise, means the $25 billion approved by Congress for immediate cash grants will actually be $17.5 billion. The other $7.5 billion will now be loans airlines will be required to re-pay.

“This is not what Congress approved,” said one industry executive who asked not to be identified given the ongoing discussions between airlines and the Treasury Department. “The aid was supposed to be $25 billion in cash grants and $25 billion in loans.”

While Congress may have intended for $25 billion in immediate cash assistance to be money airlines would not have to re-pay, the CARES Act gave Treasury Secretary Steven Mnuchin the latitude to set terms and conditions for the cash grants.

“It is our objective to make sure, as I have said, that this is not a bailout, but to make sure that airlines have the liquidity to keep their workers in place,” Mnuchin told CNBC on Thursday as the Treasury Department was finalizing the grant offers.

When the offers came on Friday, they included the stipulation airlines accepting grants not lay off employees before September 30th, a requirement all carriers have already committed to meeting. Still, executives at multiple airlines told CNBC they were surprised by the loan component in the grants. They say it means Treasury will award just over half of the money they requested to cover their payrolls for the next six months.

When airlines submitted their grant applications, they included Form 41 documents which are filed regularly with the Department of Transportation detailing payroll obligations. For the industry, the total payroll obligations April 1st through September 30th is approximately $31 Billion. If Treasury awarded $25 Billion in immediate cash, it would cover 80% of airline payroll needs. The Treasury Department’s current plan to award $17.5 Billion in cash grants covers 56% of the $31 billion the airlines requested.

Nelson says reducing the immediate cash amount airlines will not have to repay amounts to Treasury taking money Congress earmarked to immediately pay airline workers and turning it into a loan airlines may opt not to take. Nelson and her team spent Friday trying to reach members of the a Treasury Department to discuss Secretary Mnuchin’s plan for awarding grants. “We have called, we have sent e-mails, but there has been no conversation with Treasury,” she said.

The leadership teams of airlines have spent much of the weekend discussing whether or not to take the grants. “It’s starting to not be worth it,” a senior airline executive told CNBC when asked if they would accept the cash grant. “I could see airlines just laying people off because it’s cheaper.”

Critics of the $50 billion airline bailout say U.S. carriers should not receive cash grants from the federal government and should instead restructure in bankruptcy or borrow billions more in order to have the liquidity needed to withstand the the rapid drop in business.

[ClayTrader]

* * $DAL Video Chart 04-13-2020 * *

Link to Video - click here to watch the technical chart video

[JohnCM]

You can find all of this on the ETF board.

[JAMISON007]

Haven’t looked into that. But will check it out

[JohnCM]

Have you looked at JETS?

[JAMISON007]

I’m interested to see how the airlines market fluctuates after bailout terms are released

[JohnCM]

[StocksNcash]

Same here !!!