Before the opening bell on Tuesday, Delta Air Lines (DAL) released its fourth quarter financial results. Here’s what the report means for mutual fund investors.
Inside DAL’s Results
Net Loss
The company reported a net loss of $712 million, or 86 cents per share, compared to net income of $8.5 billion, or $9.89 per share, last year. Excluding special items, earnings were $649 million, or 78 cents per share – above analysts’ view of 77 cents per share.
Revenue
Revenue came in at $9.65 billion, up from $9.08 billion a year ago. Analysts expected to see revenue of $9.57 billion.
Airline Industry Remains in the Spotlight
Airline companies have been in the spotlight due to falling fuel costs. Delta is one of the airline companies that has been hedging fuel costs more aggressively than others. Investors seeking exposure to the industry may be better off with one of DAL’s peers including American Airlines (AAL).
Mutual Funds to Watch
Investors interested in Delta Air Lines may be interested in the funds listed below. These funds currently have the largest stakes in the company.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VTSMX | Vanguard Total Stock Market | 1.68% |
| VFINX | Vanguard 500 Index | 1.08% |
| SEEGX | JPMorgan Large Cap Growth Select | 0.77% |
The Bottom Line
The funds listed above allow investors to gain exposure to DAL while remaining diversified. Investors interested in Delta Air Lines may also be interested in American Airlines (AAL) and Southwest Airlines (LUV).
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