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Delta adjusts 2024 profit outlook despite 4Q earnings beat
Proactive Investors· 2024-01-12 14:57
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
Delta Air Lines (DAL) Q4 Earnings and Revenues Top Estimates
Zacks Investment Research· 2024-01-12 14:02
Delta Air Lines (DAL) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.40%. A quarter ago, it was expected that this airline would post earnings of $1.92 per share when it actually produced earnings of $2.03, delivering a surprise of 5.73%.Over the last four quarters, the company has ...
Airline stocks slide after Delta lowers 2024 earnings guidance
Market Watch· 2024-01-12 13:52
Airline stocks fell in premarket trades Friday after Delta Airlines Inc. lowered its 2024 earnings guidance.The air carrier reported a top- and bottom-line beat with its fourth-quarter results before market open, although its shares fell 5.6% after the company cut its earnings outlook.Delta said it expects March quarter unit revenues to be flat to down 3 percent over 2023, according Delta President Glen Hauenstein. “The March quarter includes a headwind from higher international mix, the normalization of tr ...
Delta almost doubles Q4 profit, but shares slide on lowered earnings guidance
Market Watch· 2024-01-12 12:20
Delta Airlines Inc. DAL, +0.36% reported a top- and bottom-line beat with its fourth-quarter results Friday, although the company’s stock was falling 5.1% in premarket trades after Delta delivered lowered earnings guidance. Net income was $2.04 billion, or $3.16 a share, compared with $828 million, or $1.29 a share, in the prior year’s quarter. Adjusted earnings per share, which excludes nonrecurring items, came in at $1.28, compared with $1.48 in the same period last year, and beat the FactSet consensus o ...
Delta more than doubles fourth-quarter profit, CEO predicts strong 2024
CNBC· 2024-01-12 11:33
Delta Air Lines closed out the year by doubling its quarterly profit as travel demand, particularly for international trips, helped drive record revenue in 2023. CEO Ed Bastian said continued strong travel demand could boost earnings this year.The airline on Friday forecast adjusted earnings per share of between $6 and $7 in 2024, compared with $6.25 a share last year."Business is going great. Just go to any airport," Bastian told CNBC in an interview.Delta said it expects revenue in the first quarter of 20 ...
Delta Air Lines Announces December Quarter and Full Year 2023 Financial Results
Prnewswire· 2024-01-12 11:30
Delivered industry-leading operational performance and financial results in December quarter  Generated record full year revenue and over $5 billion of pre-tax income, a near doubling over 2022 Guiding to 2024 free cash flow of $3 to $4 billion, an improvement of up to $2 billion over 2023 Expect record March quarter revenue on improving domestic environment and continued strength in  international demand, with solid profitability ATLANTA, Jan. 12, 2024 /PRNewswire/ -- Delta Air Lines (NYSE: DAL) today repo ...
Can This Airline Stock Sustain Pre-Earnings Momentum?
Schaeffers Research· 2024-01-09 17:31
Delta Air Lines, Inc. (NYSE:DAL) is headed to the earnings confessional, with results for the fourth quarter due out before the open on Friday, Jan. 12. The security is today pacing for a third-straight daily gain, last seen up 0.7% at $41.94, as it bounces off a recent pullback to the 40-day moving average, after reaching its highest level since September in December. Over the last 12 months, DAL added more than 14%. The airline stock doesn't have the best track record when it comes to post-earnings reacti ...
January's Transport Titans: The 3 Best Transportation Stocks to Buy Now
InvestorPlace· 2024-01-09 10:12
The transportation sector is poised to have multiple, positive catalysts in 2024. Although the economy is slowing, the economic expansion will probably continue. Interest rates are poised to drop this year, which could simulate large purchases, such vehicles. Also importantly, travel trends remain quite strong. AND, many companies in the transportation sector will receive a significant amount of benefits from the government’s green tax credits and high infrastructure spending this year. For the investors wh ...
Delta Air Lines 4Q earnings beat seen as travel demand remains strong
Proactive Investors· 2024-01-08 20:29
About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...
Delta (DAL) Q4 Earnings Likely to Disappoint: Here's Why
Zacks Investment Research· 2024-01-08 18:32
Delta Air Lines (DAL) is scheduled to report fourth-quarter 2023 results on Jan 12, before market open.DAL has a good earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters (missing once), the average beat being 4.35%. The Zacks Consensus Estimate for fourth-quarter 2023 earnings has moved 5.6% downward over the last 90 days.Given this backdrop, let’s examine the factors that are likely to have influenced Delta’s performance in the to-be-reported qua ...