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Tuesday, January 14, 2020

=Delta Air Lines (DAL) reported earnings on Tue 14 Jan 20 (b/o)

Delta Air Lines beats by $0.31, reports revs in-line; guides Q1 revs below consensus; guides FY20 EPS in-line

  • Reports Q4 (Dec) earnings of $1.70 per share, excluding non-recurring items, $0.31 better than the S&P Capital IQ Consensus of $1.39; revenues rose 6.5% year/year to $11.44 bln vs the $11.37 bln S&P Capital IQ Consensus.
  • Total unit revenue (TRASM), adjusted, increased 2.4%, exceeding expectations on strong holiday travel demand.
  • Non-fuel operating expense on a unit basis (CASM-Ex) up 4.4% compared to the prior year period, in line with the company's expectations of 4% to 5%
  • Co issues downside guidance for Q1, sees Q1 revs of +5-7% to $11.0-11.2 bln vs. $11.14 bln S&P Capital IQ Consensus.
  • Co issues in-line guidance for FY20, sees EPS of $6.75-7.75 vs. $7.19 S&P Capital IQ Consensus.
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