(DAL:NYSE) On Wednesday July 14, 2021 Delta Air Lines, Inc. (DAL) posted better-than-expected revenues of $7.13bn surpassing the consensus estimate of $6.1bn (-14.36%) and in the same direction as Advan's forecasted sales. The revenue was +385.42% YoY - Advan's foot traffic data captured an increase in traffic of +326.23% YoY at Terminals where Delta operates. Advan's footfall data has a correlation of 1.0 on a YoY basis with Delta's top-line revenue over the last 14 quarters.
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.
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