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Thursday, October 10, 2019

Delta Air Lines (DAL) reported earnings on Thur 10 Oct 19 (b/o)

** charts before earnings **


** charts after earnings **

Delta Air Lines beats by $0.06, reports revs in-line; guides Q4 EPS mid point below consensus

  • Reports Q3 (Sep) earnings of $2.32 per share, $0.06 better than the S&P Capital IQ Consensus of $2.26; revenues rose 5.1% year/year to $12.56 bln vs the $12.61 bln S&P Capital IQ Consensus.
  • Total revenue and adjusted total revenue are a new quarterly record, as the company served a record 55.2 mln passengers in the quarter.
  • Total revenue per available seat mile increased 1.1%
  • Total unit revenue, adjusted, increased 2.5%; Total unit revenue and total unit revenue adjusted increases were driven by healthy leisure and corporate demand and an approximate one point benefit from the amended American Express agreement.
  • Consolidated operating cost per available seat mile decreased 2.1% compared to the September 2018 quarter, primarily due to lower fuel costs and higher capacity. Non-fuel unit cost increased 2.4% compared to the prior year period, driven by employee costs, record passenger volumes and weather.
  • Co issues guidance for Q4, sees EPS of $1.20-1.50 vs. $1.50 S&P Capital IQ Consensus.
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