Ahead Of Delta's Q4 Earnings Call, $32 Million Investment From Kathy Hochul Led To DAL Continuing Operations On This Route

Delta Airlines Inc. (NYSE:DAL) will continue flight operations in Binghamton, New York, following a $32 million investment pledge from Governor Kathy Hochul (D-New York).

Check out the current price of DAL here.

Resuming Daily Service In Spring

The statement, released on Friday, outlined an investment pledge of $32 million to modernize the Greater Binghamton Airport, leading to the flight operator identifying aircraft to resume daily service at the airport in the Spring. "Preserving this flight is a win for the entire Southern Tier," the statement said.

The investment has led to Delta committing to operate its sole route connecting the airport to other hubs via the Detroit Metropolitan Wayne County Airport (DTW).

The route was going to be cancelled in February 2026. A spokesperson for the airline, cited in a report by SimpleFlying on Saturday, said that "Delta will restart service" to the airport following a review of the company's "fleet allocation strategy."

Analysts Weigh In On Delta Ahead Of Earnings Call

The company, which is scheduled to hold its earnings call on January 13, has seen positive sentiment from analysts, according to Benzinga Pro data. Goldman Sachs, Bank of America, as well as Deutsche Bank maintain a ‘Buy' rating for the stock. Meanwhile, Wells Fargo initiated an ‘Overweight' rating for DAL, touting a price target of $87.

In the previous quarter, Delta beat analysts' revenue expectations by 3.8% as it reported a revenue of $16.67 billion. The figure illustrates a 6.4% YoY surge in revenue for the company. The company also reported adjusted EPS of $1.60 to $1.90 per share last quarter. Delta’s operating cash flow was $1.8 billion.

Delta Adds More Flights To Southern Caribbean

Delta also announced it was adding over 2,600 additional seats to facilitate smoother travel for passengers affected by the President Donald Trump administration's decision to announce restrictions on Venezuelan airspace following the military operation that led to the country's leader, Nicolás Maduro's capture.

Meanwhile, Transport Secretary Sean Duffy announced that the flight restrictions imposed on airlines were being lifted and operators would be able to carry out services in the Caribbean region.

It’s also worth noting that back in November, the Federal Aviation Administration (FAA) had warned flights against flying over Venezuelan airspace at all altitudes, citing threats to the aircraft’s safety as tensions were brewing between Washington and Caracas.

Delta scores well on the Momentum, Quality and Growth metrics, and offers satisfactory Value. It also has a favorable price trend in the Short, Medium and Long term. For more such insights, sign up for Benzinga Edge Stock Rankings today!

Price Action: DAL gained 1.43% to $72.31 at Market close on Friday, as well as gaining 0.20% to $72.45 per share at Market close.

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