Ahead of Delta Air Lines hosting an investor update meeting on December 14, Jefferies analyst Sheila Kahyaoglu said in a preview of the event that the "major moving pieces" will be stronger demand, offset by sustained inflationary pressures and more insight into the outcome of pilot contract talks. At its 2021 investor day, Delta laid out 2024 targets that included adjusted revenue of greater than $50B, EPS over $7.00 and FCF above $4B, but Kahyaoglu sees Delta walking back its 2023 and 2024 targets given sustained cost inflation. The analyst has a Buy rating and $40 price target on Delta shares.
Published first on TheFly
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