Delta Air Lines (DAL) reported third-quarter 2024 earnings (excluding 47 cents from non-recurring items) of $1.50 per share, which fell short of the Zacks Consensus Estimate of $1.56. Earnings decreased 26.11% on a year-over-year basis, mainly due to high labor costs. Find latest EPS estimates and surprises on Zacks Earnings Calendar. Revenues of $15.68 billion surpassed the Zacks Consensus Estimate of $15.37 billion and increased 1.2% on a year-over-year basis, driven by strong air travel demand. Adjusted ...

Delta Air Lines, Inc. (NYSE:DAL) Q3 2024 Earnings Conference Call October 10, 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 Peter Carter - EVP, External Affairs Conference Call Participants David Vernon - Bernstein Jamie Baker - JPMorgan Savi Syth - Raymond James Mike Linenberg - Deutsche Bank Conor Cunningham - Melius Research Duane Pfennigwerth - Evercore ISI Scott Group - ...

Core Viewpoint - Delta Air Lines anticipates a decline in fourth-quarter revenue due to consumer behavior surrounding the upcoming US presidential election, although it expects the quarter to be one of the most profitable in its history due to strong holiday travel bookings and improved pricing power [1][3]. Group 1: Revenue and Profit Expectations - Delta expects an adjusted profit of $1.60 to $1.85 per share for the quarter ending in December, slightly above analysts' expectations of $1.70 per share [3]. - Overall revenue is projected to increase by 2% to 4% year-over-year, supported by a 3% to 4% rise in capacity [4]. Group 2: Impact of US Presidential Election - The uncertainty surrounding the US presidential election is expected to negatively impact travel demand for approximately two weeks around November 5, with a recovery in bookings anticipated afterward [3]. - Historically, domestic travel demand has shown a decline in the weeks surrounding elections, with revenue trends expected to be significantly better in October and December compared to November [3]. Group 3: Capacity and Pricing Power - Measures taken by US airlines to moderate capacity have enhanced pricing power across all regions, a trend expected to continue into the December quarter [6]. - Domestic seat growth has slowed to 1.5% in October and November from 5.5% in July, indicating a strategic reduction in capacity to improve profitability [6]. Group 4: Market Performance and Challenges - The NYSE Arca Airline index has risen by 25% since early August, outperforming the S&P 500 index, which increased by 8%, with Delta's shares gaining over 30% [8]. - Delta reported an adjusted profit of $1.50 per share for the September quarter, slightly below the $1.52 estimated by analysts, primarily due to disruptions from a global cyber outage that led to approximately 7,000 flight cancellations [8].

A woman uses an umbrella to protect herself from the sun as she passes past the Colosseum during an intensely hot day in Rome, Italy, on July 11, 2024.Summer trips to Europe are getting too hot for thousands of tourists.Delta Air Lines president Glen Hauenstein said travelers are opting out of flying to Europe during the traditional summer peak travel season. Instead, they are shifting trips to cooler months, a trend that airline officials have been noticing over the past couple of years as consumers look t ...

Market Overview - U.S. stocks showed mixed performance with the Nasdaq Composite gaining approximately 0.1% while the Dow decreased by 0.17% to 42,437.66 and the S&P 500 fell by 0.05% to 5,789.32 [1] Company Earnings - Delta Air Lines, Inc. reported third-quarter operating revenue growth of 1% year-over-year to $15.677 billion, surpassing the consensus estimate of $14.674 billion. However, adjusted EPS was $1.50, down 26% year-over-year, missing the consensus of $1.52 [2] Notable Stock Movements - BloomZ Inc. shares surged 73% to $1.2350 after being selected as the primary animation contractor for a new project [3] - LSB Industries, Inc. saw a 12% increase in shares to $9.31 following an upgrade from UBS analyst Joshua Spector from Neutral to Buy, with a price target raised from $9.5 to $11 [3] - Symbotic Inc. shares rose 12% to $26.10 after announcing an agreement for warehouse automation systems with Walmex [3] Declining Stocks - Gritstone bio, Inc. shares plummeted 64% to $0.0707 after announcing a voluntary Chapter 11 restructuring [4] - Indivior PLC shares fell 19% to $7.66 after providing preliminary third-quarter revenue guidance and cutting FY24 net revenue guidance below estimates [4] - 10x Genomics, Inc. shares dropped 29% to $14.87 after guiding third-quarter preliminary revenue of $151.7 million, a 1% decrease year-over-year [4] Commodities - Oil prices increased by 3.1% to $75.48, while gold rose by 0.7% to $2,644.80. Silver and copper also saw gains of 1.7% to $31.175 and 0.5% to $4.4230, respectively [5] European Market Performance - European shares declined, with the eurozone's STOXX 600 down 0.36%, Germany's DAX down 0.47%, and France's CAC 40 down 0.48% [6] Economic Indicators - U.S. initial jobless claims rose by 33,000 to 258,000 for the week ending October 5th, exceeding market estimates of 230,000 [8] - The annual inflation rate in the U.S. eased to 2.4% in September from 2.5% in August, but was above market expectations of 2.3% [8]

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For the quarter ended September 2024, Delta Air Lines (DAL) reported revenue of $15.68 billion, up 1.2% over the same period last year. EPS came in at $1.50, compared to $2.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $15.37 billion, representing a surprise of +2.00%. The company delivered an EPS surprise of -3.85%, with the consensus EPS estimate being $1.56.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Key TakeawaysShares of Delta Air Lines declined in premarket trading after the carrier's third-quarter results and fourth-quarter sales outlook came in below analysts' estimates.The carrier also confirmed costs of around $500 million following the CrowdStrike-caused global IT outage in July that resulted in 7,000 Delta flight cancellations over a five-day period.Delta posted third-quarter adjusted earnings per share (EPS) of $1.50 on revenue of $15.68 billion, and projected fourth-quarter revenue growth of ...

Delta Air Lines (DAL) came out with quarterly earnings of $1.50 per share, missing the Zacks Consensus Estimate of $1.56 per share. This compares to earnings of $2.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.85%. A quarter ago, it was expected that this airline would post earnings of $2.37 per share when it actually produced earnings of $2.36, delivering a surprise of -0.42%.Over the last four quarters, the company h ...

Shares of Delta Air Lines, Inc. (NYSE:DAL) are 3.3% lower before the opening bell, following the company's third-quarter earnings report. Not only did the airline giant report quarterly earnings and revenue that missed the mark, it provided a gloomy fourth-quarter revenue guidance on expectations of lower demand before and after the U.S. Presidential Election.Today's dip looks like it will cut into the stock's 26.7% year-to-date lead. After a May 13 four-year peak of $53.86, the shares cooled off in the sum ...