Shares of Delta Air Lines, Inc. (NYSE:DAL) are 3.3% lower before the opening bell, following the company's third-quarter earnings report.
Delta Air Lines' stock was headed for another post-earnings selloff on Thursday, after the air carrier missed third-quarter profit expectations and gave a downbeat revenue growth outlook, as travel is expected to decline around the election.
CNBC's Phil LeBeau joins 'Squawk Box' to report on the company's quarterly earnings results.
Delta expects fourth-quarter earnings of between $1.60 and $1.85 a share. Delta had previously said the CrowdStrike outage cost it $380 million in revenue and amounted to a 45-cent hit to earnings in the third quarter.
Delta Air Lines stock has outperformed the market since I turned bullish just over a year ago. With Q3 earnings approaching, I revisited my thesis for the company. In the upcoming earnings release and management commentary, I will be focusing on the impact of the July IT outage, jet fuel price decline, EBITDA margins, and air cargo business recovery. Delta's strategic expansions, including new transatlantic routes and fleet modernization, position it for robust earnings growth.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Delta (DAL), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
After a strong start to the year, U.S. stock traders are now turning their attention to various risks, including economic concerns, uncertainties about interest rates, and election-related anxieties. The most crucial factor for the U.S. stock market this week is corporate earnings.
Delta Air Lines expects fuel cost per gallon in the September quarter to be less than $2.60.
Delta (DAL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Investors looking for bargains in a relatively expensive market have come to the right place.
Delta Air Lines (DAL) closed the most recent trading day at $50.79, moving -1.46% from the previous trading session.
DAL's Airbus A350 is set to operate on the Salt Lake City-Seoul route once it becomes operational.