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.
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.