Delta Air Lines continues to demonstrate resilience in the business travel sector, building on strong performance from previous quarters as it reported third-quarter financial results Thursday (Oct. 10). Corporate travel sales rose 7%, driven by the airline's focus on premium offerings, which have consistently outperformed main cabin sales.
DAL's third-quarter 2024 cargo revenues improve 27% year over year.
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 - Wolfe Research Brandon Oglenski - Barclays Tom Fitzgerald - TD Cowen Ravi Shanker - Morgan Stanley Sheila Kahyaoglu - Jefferies Andrew Didora - Bank of America Stephen Trent - Citi Leslie Josephs - CNBC Alison Sider - Wall Street Journal Mary Schlangenstein - Bloomberg News Operator Good morning, everyone and welcome to the Delta Airlines September Quarter 2024 Financial Results Conference Call. My name is Matthew, and I will be your coordinator.
Bookings were expected to pick up in the weeks after the Nov. 5 election.
Delta's president said traditional spikes in Europe bookings for July and August are becoming less pronounced. Other carriers have shifted their schedules to maintain shoulder-season European flights well into the fall.
U.S. stocks traded mixed midway through trading, with the Nasdaq Composite gaining around 0.1% on Thursday.
Is it too late to invest in Delta Air Lines Inc (NYSE: DAL)? It's a reasonable question to ask considering the stock has already rallied about 40% since August 7th.
Delta Air Lines Inc (NYSE:DAL) shares slipped on disappointing fourth quarter guidance, with the airline warning it expects reduced travel demand around the US election. It expects the November 5 election to result in a 1 percentage point hit on its unit revenue in the December quarter.
The headline numbers for Delta (DAL) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Shares of Delta Air Lines (DAL) declined in premarket trading after the carrier's third-quarter results and fourth-quarter sales outlook came in below analysts' estimates.
CNBC's Phil LeBeau and Delta Air Lines CEO Ed Bastian join 'Squawk Box' to discuss the company's quarterly earnings results, Q4 guidance, impact of 2024 election, CrowdStrike outage, and more.
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.