Wed, Oct. 14, 7:30 AM
- Delta Air Lines (NYSE:DAL) reports total passenger revenue declined 1.9% to $9.6B in Q3.
- Passenger revenue per available seat mile -5% to $14.10.
- Passenger unit revenues slipped 4.9%.
- Cargo revenue dropped 20% to $196M.
- Other revenue grew 14% to $1.32B.
- Passenger load factor +40 bps to 86.8%.
- Capacity was up 3.2% for the quarter.
- Total fuel expense fell 40% to $2.08B.
- Q4 Guidance: Passenger unit revenue: -2.5% to -4.5%; Operating margin: 16% to 18%; Fuel price: $1.75 to $1.80; System capacity: flat Y/Y.
Wed, Oct. 14, 7:02 AM
Tue, Oct. 13, 5:30 PM
Wed, Jul. 15, 7:57 AM
- Delta Air Lines (NYSE:DAL) beat estimates with its Q3 report even after with revenue getting clipped by 2 percentage points due to F/X swings.
- Domestic revenue rose 4.9% to $4.713B to help offset currency-influenced slides for Atlantic, Pacific, and Latin America routes. The domestic business also had the highest yield for Delta.
- Consolidated capacity was up 3.4% during the quarter.
- Delta's fuel expense was $463M lower than a year ago as reduced fuel prices and a $77M profit bump from the Trainer refinery helped to offset $600M in settled hedging losses.
- Guidance: Delta expects an unit revenue drop of 4.5% to 6.5% in Q3 and operating margin of 19% to 21%. System capacity is seen rising ~3$.
- Previously: Delta Air beats by $0.06, beats on revenue (Jul. 15 2015)
- DAL -0.6% premarket.
Wed, Jul. 15, 7:31 AM
Tue, Jul. 14, 5:30 PM
Wed, Apr. 15, 7:49 AM
- Delta Air Lines (NYSE:DAL) reports traffic increased 3.6% in Q1.
- The company's operating margin adjusted for items rose 90 bps to 8.8%.
- Foreign exchange swings lopped off $105M from Delta's revenue during the quarter. Cargo revenue was flat year-over-year.
- Delta's consolidated yield for the period was -0.4% with Pacific routes (-8.2%) and regional carriers (-3.1%) the most inefficient parts of the business.
- The load factor fell 100 bps to 81.7%.
- Number of aircraft in operation +3 Y/Y to 912. Number of employees +3% to 81,055.
- The company saw fuel expenses increase $23M as settled hedging losses offset the impact of lower jet fuel prices. The average fuel cost per gallon was $2.93.
- The Trainer refinery produced a profit of $86M for the three months.
- Guidance: Delta says it plans to reduce international capacity by 3% for the winter schedule with a focus on cutting flights in regions most impacted negatively by a strong U.S. dollar. Operating margin of 16% to 18% is forecast on an assumed fuel price of $2.35-$2.40. System capacity is seen rising 3% next quarter.
- DAL +1.93% premarket to $43.91.
Wed, Apr. 15, 7:33 AM
Tue, Apr. 14, 5:30 PM
Tue, Jan. 20, 7:34 AM
Mon, Jan. 19, 5:30 PM
Oct. 16, 2014, 7:59 AM
- Delta Air Lines (NYSE:DAL) reports passenger revenue per available seat mile rose 2.4% in Q3.
- Mainline carrier revenue +8% to $8.14B.
- Regional carrier revenue -3% to $1.63B.
- Capacity was up 3.2% across the company, led by a 16.2% gain in Latin American routes.
- Aircraft fuel expense +29% to $2.95B.
- The carrier doesn't mention Ebola in its earnings press release.
- DAL -4.2% premarket.
Oct. 16, 2014, 7:32 AM
Oct. 15, 2014, 5:30 PM
Jul. 23, 2014, 7:55 AM
- 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
Jul. 23, 2014, 7:32 AM
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