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Shares of Delta Air Lines (NYSE:DAL) rose 1.4% in pre-market trading after the company reported Q4 results.
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Quarterly Results
Earnings per share fell 248.82% year over year to ($2.53), which missed the estimate of ($2.51).
Revenue of $3,973,000,000 declined by 65.27% from the same period last year, which beat the estimate of $3,600,000,000.
Outlook
Delta Air Lines said it expects Q1 sales to decrease by 60% to 65% year-over-year.
Conference Call Details
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Date: Jan 14, 2021
Time: 10:00 AM
ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/dal/mediaframe/42546/indexr.html
Technicals
Company's 52-week high was at $62.48
52-week low: $17.51
Price action over last quarter: Up 28.09%
Company Description
Atlanta-based Delta Air Lines is one of the world's largest airlines, with a network of over 300 destinations in more than 50 countries. Delta operates a hub-and-spoke system network, where it gathers and distributes passengers across the globe through key locations in Atlanta, New York, Salt Lake City, Detroit, Seattle, and Minneapolis-St. Paul. Delta's sale of frequent flyer miles, particularly to American Express, is a major driver of the firm's profits.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.