Delta Air Lines, Inc. (NYSE:DAL) Q2 2024 Earnings Conference Call July 11, 2024 10:00 AM ET Company Participants Julie Stewart - Vice President, IR Ed Bastian - CEO Glen Hauenstein - President Dan Janki - CFO Tim Mapes - SVP, Chief Communications Officer Conference Call Participants Conor Cunningham - Melius Research Savi Syth - Raymond James Jamie Baker - JPMorgan Tom Fitzgerald - TD Cowen Mike Linenberg - Deutsche Bank Scott Group - Wolfe Research Sheila Kahyaoglu - Jefferies Duane Pfennigwerth - Evercore ...

Delta Air Lines (DAL) has reported second-quarter 2024 earnings (excluding 35 cents from non-recurring items) of $2.36 per share, which marginally missed the Zacks Consensus Estimate of $2.37. Earnings decreased 11.9% on a year-over-year basis. Apart from high costs, the carrier blamed the discounting pressure at the low end of the market, which hurt its pricing power, for the disappointing performance.Revenues of $16.65 billion surpassed the Zacks Consensus Estimate of $16.25 billion and increased 6.9% yea ...

Loading...Loading...The price action in Delta Air Lines, Inc. DAL offers a great lesson in technical analysis. When markets sell off, they tend to find support at price levels that have previously been peaks or tops.As you can see on the chart, the $42.50 level was the peak or top for Delta in December and January. The stock is making a large move lower today because of disappointing earnings. Not surprisingly, it found support right around $42.50. This is why our team of trading experts has made it our Sto ...

For the quarter ended June 2024, Delta Air Lines (DAL) reported revenue of $16.66 billion, up 6.9% over the same period last year. EPS came in at $2.36, compared to $2.68 in the year-ago quarter.The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $16.25 billion. With the consensus EPS estimate being $2.37, the EPS surprise was -0.42%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

ToplineShares of Delta tumbled 7% on Thursday, pacing the company’s worst loss so far this year, after the airline reported a decline in earnings and forecast lower profits for the upcoming quarter that fell short of analyst expectations.The airline said it remained optimistic for increased summer travel in the upcoming months. Getty Images Key FactsDelta’s shares dropped to about $43.50 as of around 10:15 a.m., following an earlier plunge in premarket trading as low as 10%. The stock’s furthest fall befor ...

Delta Air Lines (DAL) came out with quarterly earnings of $2.36 per share, missing the Zacks Consensus Estimate of $2.37 per share. This compares to earnings of $2.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.42%. A quarter ago, it was expected that this airline would post earnings of $0.36 per share when it actually produced earnings of $0.45, delivering a surprise of 25%.Over the last four quarters, the company has ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Loading...Loading...The futures market on Thursday reflected jitteriness as traders awaited the all-important consumer price inflation data. The broader market is amid a multi-session winning run and has been breaking records session after session, sending the valuation of especially some mega-cap stocks to unsustainable levels. An in-line to tamer monthly headline number could push up the S&P 500 Index by as much as 1.75%, according to JPMorgan’s trading desk. A miss could send the index tumbling by as muc ...

Delta Air Lines on Thursday forecast record revenue for the third quarter thanks to booming summer travel demand, but its earnings forecast fell short of analysts' estimates.Shares of Delta fell about 8% in premarket trading. Here's how the company performed in the three months ended June 30, compared with Wall Street expectations based on consensus estimates from LSEG:Adjusted earnings per share: $2.36 vs. $2.36 expectedAdjusted revenue: $15.41 billion vs. $15.45 billion expectedThe Atlanta-based carrier o ...

Exhibit 99.1 CONTACT: Investor Relations Corporate Communications 404-715-2170 404-715-2554 InvestorRelations@delta.com Media@delta.com Delta Air Lines Announces June Quarter 2024 Financial Results Delivered industry-leading operational performance, underpinning trusted brand and customer loyalty Record June quarter revenue with mid-teens operating margin and strong cash generation Continued debt repayment, progressing balance sheet toward investment grade metrics Announced a 50 percent increase to dividend ...