Advan Notable Hits: Delta Air Lines (DAL)

October 11, 2024 By Valantis Aristides Tags: FINANCIAL-TRENDS, ADVAN HITS

Notable Hit 1: (DAL:NYSE) On Thursday October 10, 2024 Delta Air Lines, Inc. (DAL) posted revenues of $12.68 bn surpassing the mean analysts estimates by 6.9% and in the same direction as Advan's forecasted sales. Advan's data showed a 4.9% increase YoY in foot traffic to the terminals Delta operates in Q3 2024; the company's revenue increased 1.2% YoY. Advan's footfall data has a correlation of 0.99 on a YoY basis with DAL's top-line revenue over the last 19 quarters.

Advan Hits: DAL correlation traffic vs revenue

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About Advan

Advan is the leader in the financial and real estate industries, enabling participants to analyze foot traffic data across multiple sectors, including retail, hospitality, consumer services, energy, technology, healthcare, REITS, financials and others. Advan derives its datasets using multi parameter models that analyze cellphone location data crossed with curated geofenced areas.

Top tier institutional investors spanning from quantitative hedge funds to fundamental asset managers have been the main consumers of Advan’s products.