It’s now earnings season once again, and investors are certainly taking a cautious tone with certain groups of stocks today. Besides tech stocks, which are having a very negative day with the Nasdaq down a whopping 1.7% this afternoon, airline stocks are also seeing marked declines in today’s session.Shares of Delta Airlines (NYSE:DAL), American Airlines (NASDAQ:AAL), and United Airlines (NASDAQ:UAL) are down between 4% and 6% at the time of writing, as Delta was the first of the major carriers to announce ...

This picture taken in Paris on March 3, 2024, shows the silhouette of the Eiffel Tower and the city skyline with cloudy weather.Delta has the most service of any U.S. airline to Paris and has a joint venture with Air France. Together the two carriers have approximately 70% market share in nonstop service between the U.S. and France, according to consulting firm ICF."Unless you're going to the Olympics, people aren't going to Paris...very few are," Bastian told CNBC. "Business travel, you know, other type of ...

Delta shares fell more than 5% Thursday after the airline forecast lower-than-expected quarterly profit — despite a surge in travel this summer.The Atlanta-based carrier Delta blamed discounting pressure in the low end of the market for dampening its pricing power as it predicted an adjusted profit between $1.70 and $2.00 per share in the third quarter through September, compared with analysts’ expectations of $2.05, according to LSEG data.The lowered profit expectations come as airlines are enjoying a summ ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Delta Air Lines reported lower profits as growth in operating expenses outpaced that of revenues. Delta reported lower quarterly profits Thursday despite still-strong travel demand as it moderated a plan to add capacity in the fall in light of industry overcapacity. The big US carrier, which saw jet fuel and salary costs incre ...

Delta Air Lines, Inc. (NYSE:DAL) Q2 2024 Earnings Conference Call July 11, 2024 10:00 AM ET Company Participants Julie Stewart - Vice President, IR Ed Bastian - CEO Glen Hauenstein - President Dan Janki - CFO Tim Mapes - SVP, Chief Communications Officer Conference Call Participants Conor Cunningham - Melius Research Savi Syth - Raymond James Jamie Baker - JPMorgan Tom Fitzgerald - TD Cowen Mike Linenberg - Deutsche Bank Scott Group - Wolfe Research Sheila Kahyaoglu - Jefferies Duane Pfennigwerth - Evercore ...

Delta Air Lines (DAL) has reported second-quarter 2024 earnings (excluding 35 cents from non-recurring items) of $2.36 per share, which marginally missed the Zacks Consensus Estimate of $2.37. Earnings decreased 11.9% on a year-over-year basis. Apart from high costs, the carrier blamed the discounting pressure at the low end of the market, which hurt its pricing power, for the disappointing performance.Revenues of $16.65 billion surpassed the Zacks Consensus Estimate of $16.25 billion and increased 6.9% yea ...

Loading...Loading...The price action in Delta Air Lines, Inc. DAL offers a great lesson in technical analysis. When markets sell off, they tend to find support at price levels that have previously been peaks or tops.As you can see on the chart, the $42.50 level was the peak or top for Delta in December and January. The stock is making a large move lower today because of disappointing earnings. Not surprisingly, it found support right around $42.50. This is why our team of trading experts has made it our Sto ...

For the quarter ended June 2024, Delta Air Lines (DAL) reported revenue of $16.66 billion, up 6.9% over the same period last year. EPS came in at $2.36, compared to $2.68 in the year-ago quarter.The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $16.25 billion. With the consensus EPS estimate being $2.37, the EPS surprise was -0.42%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

ToplineShares of Delta tumbled 7% on Thursday, pacing the company’s worst loss so far this year, after the airline reported a decline in earnings and forecast lower profits for the upcoming quarter that fell short of analyst expectations.The airline said it remained optimistic for increased summer travel in the upcoming months. Getty Images Key FactsDelta’s shares dropped to about $43.50 as of around 10:15 a.m., following an earlier plunge in premarket trading as low as 10%. The stock’s furthest fall befor ...

Delta Air Lines (DAL) came out with quarterly earnings of $2.36 per share, missing the Zacks Consensus Estimate of $2.37 per share. This compares to earnings of $2.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.42%. A quarter ago, it was expected that this airline would post earnings of $0.36 per share when it actually produced earnings of $0.45, delivering a surprise of 25%.Over the last four quarters, the company has ...