Delta Air Lines

Delta Air Lines (NYSE:DAL) is set to give its latest quarterly earnings report on Friday, 2024-01-12. Here’s what investors need to know before the announcement. Analysts estimate that Delta Air Lines will report an earnings per share (EPS) of $1.16. Delta Air Lines bulls will hope to hear the company announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Delta Air Lines’ (DAL) Q4 earnings are expected to be $1.16 per share, close to the midpoint of the company’s outlook of $1.05 to $1.30, BofA Securities said Monday in a note. The company is set to release results on Friday. For Q1, BofA expects Delta’s EPS to be $0.57, higher than the consensus of $0.33. For full-year 2024, BofA increased its EPS forecast for Delta to $6.26 from its previous projection of $6.09 as the firm now expects 2024 fuel cost per gallon to be $2.61 “given lower fuel costs over the last six weeks of 2023.” BofA reiterated Delta’s buy rating and $50 price objective.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target of $49, up $4, is 7.6x our ’24 EPS view (unchanged at $6.49; 2023’s remains at $6.05), a discount to DAL’s historical average. We think a discount is merited due to rising unit costs. In mid-Dec., DAL reiterated its Q4 outlook, with revenues expected to grow by 11% Y/Y ($13.6B vs. $12.3B in Q4 ’22), EPS to be in the range of $1.05-$1.30, while expecting fuel costs of $3.05/gallon at the midpoint (4% discount vs. its legacy peers Q4 outlook) due to its wholly owned refinery, which we view as positive. Demand remains resilient despite the higher-than-expected slowdown experienced in Q3 ’23, with domestic demand up ~10% Y/Y and int’l travel up 27% (per the most recent Bureau of Transportation Statistics data as of

Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating on the shares of Delta Air Lines Inc (NYSE:DAL) with a price target of $77. Delta reported a Q3 FY23 adjusted operating revenue growth of 13% Y/Y to $14.55 billion and operating revenue of $15.49 billion, beating the consensus estimate of $14.54 billion. Adjusted EPS of $2.03 was above the consensus of $1.94. The strength in premium continued as revenues came in +17% y/y, outpacing main cabin by 5 points, with management noting that domestic paid first class load factors are reaching new heights every month, said the analyst. Premium remains robust and Domestic paid load factor in the first class cabins was a record for the company, noted the analyst. Management expects trends to be consistent with 3Q and said that initial bookings for the peak holiday periods are strong, added the analyst. International remained the star of the show,

We cut our 12-month target price by $12 to $45, 6.9x our 2024 EPS view (cut to $6.49 from $7.24; 2023’s lowered to $6.05 from $6.21), below 2018-2019’s forward P/E average of 8.5x. We think a discount is merited due to rising unit costs. Q3 EPS of $2.03 vs. $1.51 beat consensus by $0.08. Q3 passenger revenues were up 14% Y/Y, driven by its international segment (+35%). DAL revised its 2023 outlook, expecting earnings of $6.13/share at the midpoint (vs. prior midpoint of $6.50/share) and lifted its guidance for revenue growth to ~20% (vs. the prior range of 15%-20%). In addition, DAL revised its free cash flow outlook to $2B (vs. prior $3B) due to rising fuel and maintenance costs. Nonetheless, DAL noted that demand continues to remain steady as we enter the early stages of the peak holiday travel period. In addition, DAL guided that corporate travel is steadily

Delta Air Lines’ latest quarter was good, but also volatile when it comes to fuel prices, CEO Ed Bastian says in an interview with CNBC. “We don’t look at fuel prices quarter to quarter and beat our brains about it,” he says. “We know that we have to recalibrate and fuel prices will have to find a way into pricing and that’s what we’re working on doing,” Bastian adds. When asked about consumer demand for the 4Q, Bastian says the company is benefiting from international and corporate travel demand.

Corporate travel is making a strong comeback, Delta Air Lines’ CEO Ed Bastian says in an interview with CNBC. The airline has regained at least 10 points of market share when it comes to corporate travel in the past 30 to 40 days. Bastian says the boom has been driven by return-to-office mandates, particularly those involving small businesses. Regarding the international travel market, Bastian says it is “way too early to draw any conclusions” on the potential impact of the booming market due to the war between Israel and Hamas. “We haven’t seen it [an impact] as this point,” Bastian says.

Delta Air Lines’ consumers are being hit by inflation, just like the airline is seeing higher oil, maintenance, and labor costs. “At some point we’re going see a knock on effect,” CEO Bastian says in an interview with CNBC. Still, the airline’s consumer is more on a premium end of the spectrum, Bastian says. “Our consumers are healthy and continuing to prioritize travel as one of their main discretionary drivers,” he adds. “Everything in that space [hospitality, entertainment] continues to break records and I see that trend continuing,” Bastian says.

Delta Air Lines (NYSE:DAL) Sees FY Free Cash Flow of $2B。

Delta Air Lines (NYSE:DAL): Expect 4Q Non-Fuel Unit Costs to Be Flat-2% Higher YoY。

Delta Air Lines (NYSE:DAL): 3Q Domestic Passenger Revenue Rose 6% Vs Year-Ago on 11% More Capacity。

Delta Air Lines (NYSE:DAL) Adjusts FY View To Adj EPS $6.00-Adj EPS $6.25。