Investors will get a glimpse at how the travel industry is fairing with Delta Air Lines (DAL) set to report its Q2 results on Thursday, July 11.
Delta Air Lines, Inc. DAL is scheduled to release its financial results for the second quarter, before the opening bell on Thursday, July 11.
Delta (NYSE: DAL) is scheduled to report its fiscal Q2 2024 results on Thursday, July 11, and we expect the company to post downbeat results, with its revenue and earnings expected to be slightly below the street estimates. Although the company will likely benefit from improved capacity, its passenger revenue per available seat mile may see some downward pressure.
Delta's (DAL) passenger revenues are likely to have been high in the second quarter of 2024. However, high costs are likely to have hurt the bottom-line performance.
Delta Air Lines, Inc. DAL will release its financial results for the second quarter, before the opening bell on Thursday, July 11.
Upbeat passenger volumes are supporting growth at Delta (DAL). The airline's shareholder-friendly attitude also bodes well.
The airline industry was once a symbol of soaring growth, but recently, it has been navigating a turbulent environment. Rising operating costs, economic uncertainty, and operational disruptions have created significant airline industry headwinds.
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Delta said it was serving pasta-only in the main cabin on about 75 international flights on Wednesday after some 'spoiled' meals forced an Amsterdam-bound flight to divert earlier this week. The incident occurred during a period of record air travel.
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Delta Air Lines stock is cheap, trading at just 7 times earnings. Its earnings grew 162% in the trailing 12-month period. Despite the COVID-19 pandemic having nearly ruined the company in 2020 and 2021, Delta's earnings increased in the trailing 5-year period.
Delta (DAL) will use an A330-900neo aircraft to operate on the Orlando Heathrow route.