Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Delta Air Lines profit boosted by international demand but US trends weaker By: FOX Business October 12, 2023 at 11:56 AM EDT Delta Air Lines reported quarterly results Thursday and now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July. Delta Air Lines reported a record in quarterly revenue on a 35% jump in international travel, the air carrier said on Thursday.The Atlanta-based company said it expects strong international travel demand to continue through the fall, while also predicting record profitability in Transatlantic, South American and Latin American revenues.It forecast an adjusted operating margin of 9% to 11% in the fourth quarter, with a 9% to 12% year-on-year increase in revenue.UNITED AIRLINES, DELTA AIR LINES, AMERICAN AIRLINES SUSPENDING FLIGHTS TO ISRAEL AMID ATTACKSOver the quarter, Delta posted a 13% increase in adjusted operating revenue from the same quarter in 2022 at $14.6 billion, while recording $2 billion in operating income at an operating margin of 13.5%.A jump in fuel costs, however, is pressuring profits. Delta now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July.It reported an adjusted profit of $2.03 per share for the third quarter, above analysts' expectations of $1.95, according to LSEG data, helped by a 35% rise in international passenger revenue from a year ago.TRANSPORTATION SECRETARY BUTTIGIEG SCOLDS AIRLINE CEOS OVER FLIGHT DISRUPTIONS: ‘UNACCEPTABLE'DELTA AIR LINES TO PAY MILLIONS IN SETTLEMENT OVER COVID-19 CANCELLATIONS: REPORTIn the December quarter, the airline expects adjusted earnings in the range of $1.05 to $1.30 per share. That compares with the $1.11 estimated by Wall Street analysts.GET FOX BUSINESS ON THE GO BY CLICKING HERE Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Delta Air Lines profit boosted by international demand but US trends weaker By: FOX Business October 12, 2023 at 11:56 AM EDT Delta Air Lines reported quarterly results Thursday and now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July. Delta Air Lines reported a record in quarterly revenue on a 35% jump in international travel, the air carrier said on Thursday.The Atlanta-based company said it expects strong international travel demand to continue through the fall, while also predicting record profitability in Transatlantic, South American and Latin American revenues.It forecast an adjusted operating margin of 9% to 11% in the fourth quarter, with a 9% to 12% year-on-year increase in revenue.UNITED AIRLINES, DELTA AIR LINES, AMERICAN AIRLINES SUSPENDING FLIGHTS TO ISRAEL AMID ATTACKSOver the quarter, Delta posted a 13% increase in adjusted operating revenue from the same quarter in 2022 at $14.6 billion, while recording $2 billion in operating income at an operating margin of 13.5%.A jump in fuel costs, however, is pressuring profits. Delta now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July.It reported an adjusted profit of $2.03 per share for the third quarter, above analysts' expectations of $1.95, according to LSEG data, helped by a 35% rise in international passenger revenue from a year ago.TRANSPORTATION SECRETARY BUTTIGIEG SCOLDS AIRLINE CEOS OVER FLIGHT DISRUPTIONS: ‘UNACCEPTABLE'DELTA AIR LINES TO PAY MILLIONS IN SETTLEMENT OVER COVID-19 CANCELLATIONS: REPORTIn the December quarter, the airline expects adjusted earnings in the range of $1.05 to $1.30 per share. That compares with the $1.11 estimated by Wall Street analysts.GET FOX BUSINESS ON THE GO BY CLICKING HERE