American airline Delta Air Lines, Inc. Since 2020, it has stopped paying dividends, but continues to decline in this region. The company recently introduced new rules for SkyMiles, which caused dissatisfaction among passengers and the shares fell below $32. From June to July, DAL shares grew, but then began to decline after an excellent report.
The company made marginal profits in the first and second quarters, but the third quarter saw profits grow by 20.84%, and the fourth quarter will see such disbelief. However, we are interested in the stock’s outlook for 2024.
An optimistic forecast for DAL shares shows that shares could rise to 49.11 USD in 2024. This could happen if financial statements are positive in 1Q 2024.
The pessimistic forecast says that the shares will cost 27.38 USD per unit. The company traditionally has much higher costs and lower profits in the winter. Recently, the number of passengers has decreased due to the fact that Delta Air Lines is introducing unprofitable programs for frequent flyers.
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