Delta (DAL) Q4 Earnings Likely to Disappoint: Here's Why

Delta Air Lines (DAL) is scheduled to report fourth-quarter 2023 results on Jan 12, before market open.DAL has a good earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters (missing once), the average beat being 4.35%. The Zacks Consensus Estimate for fourth-quarter 2023 earnings has moved 5.6% downward over the last 90 days.Given this backdrop, let’s examine the factors that are likely to have influenced Delta’s performance in the to-be-reported qua ...