• Company News: Delta Air Lines (DAL) quarterly earnings beat analysts’ estimate

Market news

11 July 2019

Company News: Delta Air Lines (DAL) quarterly earnings beat analysts’ estimate

Delta Air Lines (DAL) reported Q2 FY 2019 earnings of $2.35 per share (versus $1.77 in Q2 FY 2018), beating analysts’ consensus of $2.28.

The company’s quarterly revenues amounted to $12.536 bln (+6.5% y/y), generally in line with analysts’ consensus estimate of $12.487 bln.

The company also issued in-line guidance for Q3 FY 2019, projecting EPS of $2.10-2.40 (versus analysts’ consensus estimate of $2.16) and revenue growth of 1.5-3.5%.

It also raised its FY 2019 EPS guidance to $6.75-7.25 from $6-7 (versus analysts’ consensus estimate of $6.98) and revenue growth guidance to 6-7% from 4-6%.

DAL rose to $60.70 (+2.07%) in pre-market trading.

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