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 higher-than-expected earnings in three of the last four quarters with an average beat of 2.01%.
Zacks Rank: Currently, Delta Air Lines has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Delta Air Lines’ earnings (excluding special items) of 82 cents per share in line with the Zacks Consensus Estimate. .
Revenue: Operating revenues came in at $9,458 million, above the Zacks Consensus Estimate of $9,337.8 million. Revenues declined marginally from the year-ago figure.
Key Stats to Note: The airline behemoth witnessed a 2.7% decline in consolidated passenger revenue per available seat mile (PRASM: a key measure of unit revenue) in the reported quarter. For the first quarter of 2017, the carrier expects operating margin in the range of 11% to 13%. The estimated fuel price, including taxes and refinery impact, is expected in the range of $1.68 to $1.73 per gallon for the first quarter. System capacity is expected to be down 0%-1% on a year over year basis. The company expects passenger unit revenue increase of flat to up 2% in the first quarter.
Check back later for our full write up on this Delta Air Lines earnings report later!
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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 higher-than-expected earnings in three of the last four quarters with an average beat of 2.01%.
Zacks Rank: Currently, Delta Air Lines has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Delta Air Lines’ earnings (excluding special items) of 82 cents per share in line with the Zacks Consensus Estimate. .
Revenue: Operating revenues came in at $9,458 million, above the Zacks Consensus Estimate of $9,337.8 million. Revenues declined marginally from the year-ago figure.
Key Stats to Note: The airline behemoth witnessed a 2.7% decline in consolidated passenger revenue per available seat mile (PRASM: a key measure of unit revenue) in the reported quarter. For the first quarter of 2017, the carrier expects operating margin in the range of 11% to 13%. The estimated fuel price, including taxes and refinery impact, is expected in the range of $1.68 to $1.73 per gallon for the first quarter. System capacity is expected to be down 0%-1% on a year over year basis. The company expects passenger unit revenue increase of flat to up 2% in the first quarter.
Check back later for our full write up on this Delta Air Lines earnings report later!
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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