Delta (DAL) Slides on Q2 Earnings Miss & Lackluster Q3 View

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 ...