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Delta Air Lines, Inc. (DAL - Free Report) is the one of the largest U.S. airlines and provides scheduled air transportation for passengers and cargo across the globe. The Atlanta, GA based company’s route network is centered on the hub system that it operates at airports in Atlanta, Cincinnati, Detroit, Memphis, Minneapolis/St. Paul, New York – John F. Kennedy International Airport , Salt Lake City, Paris-Charles de Gaulle, Amsterdam and Tokyo-Narita. Delta has reported better-than-expected earnings in three of the last four quarters with an average beat of 1.84%.
Zacks Rank: Currently, Delta Air Lines has a Zacks Rank #5 (Strong Sell) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Delta Air Lines’ earnings (excluding special items) of $1.47 per share beat the Zacks Consensus Estimate of $1.42. Earnings also improved significantly the year ago figure aided by cheap oil.
Revenue: Operating revenues came in at $10,447 million, marginally short of the Zacks Consensus Estimate of $10,488 million. Revenues declined 2.4% from the year-ago figure mainly due to currency woes.
Key Stats to Note: In the wake of the uncertainty due to the Brexit vote, the carrier has decided to trim 6 points of U.S.- U.K. capacity from its winter schedule. For the third quarter of 2016, the carrier expects operating margin in the range of 19% to 21%. The estimated fuel price, including taxes and hedges, is expected in the range of $1.52 to $1.57 per gallon for the third quarter. System capacity is expected to rise in the band of 1% to 2% on a year over year basis. Passenger unit revenue in the third quarter is projected to decline in the band of 4% to 6%.
Stock Price: The earnings beat pleased the investors. Shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this Delta Air Lines earnings report later!
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Delta Air Lines (DAL) Beats on Q2 Earnings
Delta Air Lines, Inc. (DAL - Free Report) is the one of the largest U.S. airlines and provides scheduled air transportation for passengers and cargo across the globe. The Atlanta, GA based company’s route network is centered on the hub system that it operates at airports in Atlanta, Cincinnati, Detroit, Memphis, Minneapolis/St. Paul, New York – John F. Kennedy International Airport , Salt Lake City, Paris-Charles de Gaulle, Amsterdam and Tokyo-Narita. Delta has reported better-than-expected earnings in three of the last four quarters with an average beat of 1.84%.
Zacks Rank: Currently, Delta Air Lines has a Zacks Rank #5 (Strong Sell) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Delta Air Lines’ earnings (excluding special items) of $1.47 per share beat the Zacks Consensus Estimate of $1.42. Earnings also improved significantly the year ago figure aided by cheap oil.
Revenue: Operating revenues came in at $10,447 million, marginally short of the Zacks Consensus Estimate of $10,488 million. Revenues declined 2.4% from the year-ago figure mainly due to currency woes.
Key Stats to Note: In the wake of the uncertainty due to the Brexit vote, the carrier has decided to trim 6 points of U.S.- U.K. capacity from its winter schedule. For the third quarter of 2016, the carrier expects operating margin in the range of 19% to 21%. The estimated fuel price, including taxes and hedges, is expected in the range of $1.52 to $1.57 per gallon for the third quarter. System capacity is expected to rise in the band of 1% to 2% on a year over year basis. Passenger unit revenue in the third quarter is projected to decline in the band of 4% to 6%.
DELTA AIR LINES Price and EPS Surprise
DELTA AIR LINES Price and EPS Surprise | DELTA AIR LINES Quote
Stock Price: The earnings beat pleased the investors. Shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this Delta Air Lines earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>