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DAL

Delta Air Lines (DAL) Beats on Q3 Earnings

Delta Air Lines, Inc. DAL 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 Delta has reported higher-than-expected earnings in two of the last four quarters with an average beat of 1.8%.

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. 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 7 cents from non-recurring items) of $1.57 per share beat the Zacks Consensus Estimate of $1.54. Earnings, however, declined 7.6% on a year-over-year basis due to higher costs.

Revenue : Operating revenues came in at $11,060 million, above the Zacks Consensus Estimate of $11,036.6 million. Revenues increased 5.5% from the year-ago figure.

Key Stats to Note : The airline behemoth witnessed a 1.9% rise in consolidated passenger revenue per available seat mile (PRASM: a key measure of unit revenue) in the quarter. For the fourth 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 $1.82 to $1.87 per gallon for the fourth quarter. System capacity is expected to be up approximately 2% on a year over year basis. The company expects passenger unit revenue to increase in the band of 2% to 4% (on a year-over-year basis) in the fourth quarter. Cost per Available Seat Mile (normalized), including profit sharing, is expected to increase in the band of 4% to 5% in the fourth quarter.

Delta Air Lines, Inc. Price and EPS Surprise

Delta Air Lines, Inc. Price and EPS Surprise | Delta Air Lines, Inc. Quote

Stock Price : The earnings beat pleased the investors. Consequently 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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