Shares of Delta Air Lines DAL moved higher by 1.7% in pre-market trading after the company reported Q2 results.
Earnings per share increased 75.85% over the past year to ($1.07), which beat the estimate of ($1.40).
Revenue of $7,126,000,000 rose by 385.42% from the same period last year, which beat the estimate of $6,200,000,000.
Delta Air Lines said it expects Q3 sales to decrease 30%-35% and capacity to drop 28%-30%.
Details Of The Call
Date: Jul 14, 2021
Time: 10:00 AM
Company's 52-week high was at $52.28
Company's 52-week low was at $24.38
Price action over last quarter: down 9.88%
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 flier miles, particularly to American Express, is a major driver of the firm's profits.
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