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 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 each of the last four quarters with an average beat of 3.02%.
Zacks Rank: Currently, Delta Air Lines has a Zacks Rank #2 (Buy) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Delta Air Lines’ earnings (excluding special items) of $1.74 per share beat the Zacks Consensus Estimate of $1.71. Earnings improved 45% from the year ago figure.Results were aided by low fuel costs.
Revenue: Operating revenues came in at $11,107 million, just short of the Zacks Consensus Estimate of $11,118 million. Revenues declined 0.6% from the year-ago figure mainly due to currency woes.
Key Stats to Note: For the fourth quarter of 2015, the carrier expects operating margin in the range of 16% to 18%. The estimated fuel price, including taxes and hedges, is expected in the range of $1.75 to $1.80 per gallon for the fourth quarter. System capacity is expected to be flat on a year over year basis. Passenger unit revenue in the fourth quarter is projected to decline in the band of 2.5% to 4.5%
Stock Price: The earnings beat pleased the investors. 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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