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

Market news

14 January 2020

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

Delta Air Lines (DAL) reported Q4 FY 2019 earnings of $1.70 per share (versus $1.30 in Q4 FY 2018), beating analysts' consensus estimate of $1.39.

The company's quarterly revenues amounted to $11.439 bln (+6.5% y/y), generally in line with analysts' consensus estimate of $11.373 bln.

The company also issued downside guidance for Q1 FY 2020, projecting revenues of +5-7% y/y to $11.0-11.2 bln versus analysts' consensus estimate of $11.14 bln.

For the full FY 2020, the company sees EPS of $6.75-7.75 versus analysts' consensus estimate of $7.19.

DAL rose to $62.15 (+4.47%) in pre-market trading.

Global economy expected to witness a “V-shaped” recovery – Westpac

BoE: PMI improvement would probably prevent a rate cut in January – ABN AMRO

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