Core Viewpoint - Delta Air Lines is expected to report a quarterly earnings per share (EPS) of $1.99, reflecting a year-over-year decline of 15.7%, with revenues projected at $16.18 billion, down 2.9% from the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 10.1%, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast 'Operating Revenues- Passenger' at $13.81 billion, a decrease of 0.2% year over year [5]. - The estimated 'Operating Revenues- Cargo' is projected at $204.15 million, reflecting an increase of 2.6% year over year [5]. - 'Operating Revenues- Other' is expected to be $2.50 billion, indicating a decline of 4.4% from the previous year [5]. Passenger Revenue by Region - 'Passenger Revenue by Geographic Region- Domestic' is expected to reach $9.30 billion, down 1.1% from the prior year [6]. - 'Passenger Revenue by Geographic Region- Pacific' is projected at $715.71 million, showing an increase of 9.4% year over year [6]. - 'Passenger Revenue by Geographic Region- Latin America' is estimated at $1.01 billion, reflecting a year-over-year increase of 4.4% [6]. - 'Passenger Revenue by Geographic Region- Atlantic' is expected to be $2.66 billion, indicating a decline of 5.7% year over year [7]. Operational Metrics - The 'Passenger Load Factor' is projected at 86.8%, slightly down from 87.0% a year ago [7]. - 'Revenue passenger miles - Consolidated' is expected to reach 67.54 billion, up from 65.24 billion in the previous year [7]. - 'Available seat miles - Consolidated' is forecasted to be 77.89 billion, compared to 74.66 billion reported in the same quarter last year [8]. Cost Metrics - Analysts have not provided a specific estimate for 'Cost per Available Seat Mile (CASM) - Ex' [8]. - The assessment for 'Operating Cost Per Available Seat Mile' remains unspecified [9]. Stock Performance - Delta shares have returned +4.1% over the past month, compared to a +5.2% change in the Zacks S&P 500 composite [9].
Seeking Clues to Delta (DAL) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics