Passenger revenues at Delta (DAL) have increased 5% year over year to $13.84 billion in Q2.
The price action in Delta Air Lines, Inc. DAL offers a great lesson in technical analysis. When markets sell off, they tend to find support at price levels that have previously been peaks or tops.
Delta reported strong revenue but a slight earnings disappointment, and provided tepid third-quarter guidance. The airline is seeing strong premium travel, but is facing pricing pressure on the low end.
Although the revenue and EPS for Delta (DAL) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Delta Air Lines (DAL) stock tumbled Thursday after the carrier reported second-quarter profit that missed estimates despite record revenue for the period.
Shares of Delta tumbled 7% on Thursday, pacing the company's worst loss so far this year, after the airline reported a decline in earnings and forecast lower profits for the upcoming quarter that fell short of analyst expectations.
Delta Air Lines NYSE: DAL shares lost their lift following the Q2 release, but investors should not worry. The results were weaker than expected, including decelerating growth and rising costs, but they align with the long-term outlook.
Delta Air Lines (DAL) came out with quarterly earnings of $2.36 per share, missing the Zacks Consensus Estimate of $2.37 per share. This compares to earnings of $2.68 per share a year ago.
Delta Air Lines Inc (NYSE:DAL) shares are set to fall 9% after it reported record second-quarter revenue but a fall in profit. For the three months to June 30, adjusted earnings per share touched down at $2.36, down 12% year-on-year but in line with Wall Street expectations, per LSEG.
The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels.
Shares of Delta Air Lines Inc. DAL, -0.06% dropped 7.2% toward a four-month low in premarket trading Thursday, after the air carrier reported second-quarter profit and load factor that missed expectations, and provided a downbeat revenue outlook. Net income fell to $1.31 billion, or $2.01 a share, from $1.83 billion, or $2.84 a share, in the same period a year ago.
Delta reported record revenue for the second quarter, but its net income fell 30%. Delta reiterated its full-year adjusted earnings forecast of between $6 and $7 a share.