Delta Air Lines, Inc. (NYSE:DAL) Q4 2023 Earnings Conference Call January 12, 2024 10:00 AM ET Company Participants Julie Stewart – Vice President of Investor Relations Ed Bastian – Chief Executive Officer Glen Hauenstein – President Dan Janki – Chief Financial Officer Tim Mapes – Senior Vice President and Chief Communications Officer Conference Call Participants Michael Linenberg – Deutsche Bank Helane Becker – TD Cowen Jamie Baker – JPMorgan Conor Cunningham – Melius Research Stephen Trent – Citi David Ve ...

Key TakeawaysDelta Air Lines Inc. reduced its full-year earnings per share (EPS) forecast and its stock price fell about 8% in intraday trading Friday.The airline said it was being prudent about its outlook because of concerns about the economy and its supply chain.Delta reported better-than-expected fourth-quarter results on booming international travel and sales of premium seat tickets.Delta Air Lines Inc. (DAL) shares plummeted Friday after the air carrier lowered its 2024 earnings guidance on concerns a ...

Ongoing macroeconomic headwinds and labor realities are grounding Delta Air Lines’ near-term outlook.The Atlanta-based airline told investors during its Friday (Jan. 12) December quarter and full-year 2023 earnings call that the last two years were a period of intense restoration. Now, the company is “entering a period of optimization.”Delta’s full-year earnings per share guidance was adjusted to $6 to $7, below the company’s own $7 forecast from 2022, despite most recent fourth-quarter results beating expe ...

Delta Air Lines shares slipped about 7% Friday after the company trimmed its 2024 earnings forecast. Delta forecast full-year earnings per share of $6 to $7, below its previous estimate of more than $7 per share for 2024.Other major airlines including United, American and Southwest also fell on the new estimate, released alongside quarterly earnings. United and American were down about 8% each, while Southwest fell more than 3%.Delta finished 2023 by doubling its quarterly profit as bookings, both for corpo ...

Key PointsDelta had a solid Q4, beating expectations and setting a record year in 2023. Shares are down because guidance, calling for growth, fell short of long-term targets. The 5% share price decline is a buy-the-dip opportunity because Delta is on track to hit targets and may reach them this year despite tepid guidance. 5 stocks we like better than Delta Air LinesDelta Air Lines NYSE: DAL shares fell more than 5% following the Q4 earnings release, creating a buy-the-dip opportunity. The release contained ...

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 higher profits in the final quarter last year, but trimmed earnings expectations going forward. Delta Air Lines saw its profits more than double in the fourth quarter last year, helped by strong travel demand, even as it trimmed its earnings expectations for 2024, the US carrier said Friday. The compan ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Delta Air Lines (DAL) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.40%. A quarter ago, it was expected that this airline would post earnings of $1.92 per share when it actually produced earnings of $2.03, delivering a surprise of 5.73%.Over the last four quarters, the company has ...

Airline stocks fell in premarket trades Friday after Delta Airlines Inc. lowered its 2024 earnings guidance.The air carrier reported a top- and bottom-line beat with its fourth-quarter results before market open, although its shares fell 5.6% after the company cut its earnings outlook.Delta said it expects March quarter unit revenues to be flat to down 3 percent over 2023, according Delta President Glen Hauenstein. “The March quarter includes a headwind from higher international mix, the normalization of tr ...

Delta Airlines Inc. DAL, +0.36% reported a top- and bottom-line beat with its fourth-quarter results Friday, although the company’s stock was falling 5.1% in premarket trades after Delta delivered lowered earnings guidance. Net income was $2.04 billion, or $3.16 a share, compared with $828 million, or $1.29 a share, in the prior year’s quarter. Adjusted earnings per share, which excludes nonrecurring items, came in at $1.28, compared with $1.48 in the same period last year, and beat the FactSet consensus o ...