Skip to main content

Market Overview

Delta Air Q3 Earnings Top Estimates


Delta Air Lines, Inc. (NYSE: DAL) reported upbeat earnings for the third quarter on Wednesday.

The Atlanta, Georgia-based reported quarterly net income of $1.32 billion, or $1.65 per share, compared to $357 million, or $0.42 per share, in the year-ago quarter. Excluding items, the company's adjusted earnings came in at $1.74 per share.

Its revenue fell 0.6 percent to $11.11 billion. However, analysts were expecting earnings of $1.71 per share on revenue of $11.1 billion.

The average estimate among 86 Estimize users was for earnings of $1.70 per share and revenue of $11.14 billion.

Passenger unit revenue slipped 4.9 percent for the quarter.

The company generated $1.4 billion of free cash flow and $2.4 billion of adjusted operating cash flow during the quarter.

"Despite currency volatility and global economic uncertainty which drove a modest decline in revenues, we expanded operating margins by over five points to 21%, grew earnings per share by 45%, and generated $1.4 billion of free cash flow in the September quarter as demand remains solid and fuel prices have dropped materially. We expect that strong performance to continue in the December quarter with operating margins of 16 to 18% and over 40% earnings per share growth," said Richard Anderson, Delta's chief executive officer.

For the fourth quarter, the company expects passenger unit sales to drop 4.5 percent to 2.5 percent and operating margin in range of 16 percent to 18 percent.

Delta Air shares gained 2.24 percent to $48.80 in pre-market trading.


Related Articles (DAL)

View Comments and Join the Discussion!

Posted-In: profitEarnings News Guidance

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at