Strong guidance boosting Delta

|About: Delta Air Lines, Inc. (DAL)|By:, SA News Editor

Q2 operating revenue of $914M up 9% Y/Y, with traffic up 5% and capacity up 3.2%.

Operating margin (ex special items) rose to 15.1% and the September quarter is expected to even better, with management guiding to 15-17%.

Free cash flow of $1.5B during the quarter. Capital returned to shareholders through dividends and share repurchases totals $550 YTD. Adjusted net debt is cut below $8B and more than $900M has been contributed to pension plans.

Previously: Delta Air beats by $0.01, misses on revenue

DAL +2.2% premarket