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Delta Air Lines and peers slip after profit miss

Jul. 13, 2022 7:08 AM ETDelta Air Lines, Inc. (DAL)UAL, AALBy: Clark Schultz, SA News Editor7 Comments

Delta Air Lines Airbus A330-300 airplane


Delta Air Lines (NYSE:DAL) traded just slightly lower in premarket action on Wednesday after missing Q2 estimates, but setting guidance above expectations.

The airline company sees revenue of $12.6B to $13.1B vs. $12.5B consensus. Delta Air Lines (

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Comments (7)

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Nobody posting to apologize this big profit miss. Stock down 7%. Obviously no excuse for their poor performance.

I do commend CEO Bastian for putting lipstick on this one on CNBC this morning but do criticize CNBCs Phil Lebeau for few tough questions and little follow-up when Bastian dodged the issues. Bastian did talk about the 82% of ASMs during the interview. Service frozen at June levels in Q3,

Tim Dunn profile picture
Delta's issue is with costs - the same costs that are not only affecting other airlines but also other companies.
Inflation is hurting businesses alongside inefficiencies of restarting operations.
Delta's advantage is that it is saving $200 million plus from its refinery per quarter - something American and United cannot replicate. Delta is also much more fuel efficient than AAL or UAL which means DAL's fuel cost will be lower than those 2 regardless of the price of fuel.
The only airline that might do much better will be Southwest and potentially Alaska where they MIGHT gain slightly better efficiencies AND have larger hedge gains.
The notion that Delta reported anything that isn't going to be endemic to the entire corporate earnings season is patently unsubstantiated.
@Tim Dunn
After years of refinery losses dragging on Delta's fuel prices, it finally gets a bump from increasing fuel prices.
American and United have avoided the losses, and if they thought it was valuable, can establish their own hedging operations which southwest has proven more valuable than a refinery.

All oil markets have downsides where prices drop and losses mount at refineries. Delta lost many billions on the last decline, way more than the $200 million you are bragging about.
If it was that good, the market would not be absolutely punishing it this morning.
DAL is dead money...
@mhargra34 They increased guidance, and the share price is likely to move up in the near term. Worth a swing trade.
@Dukebailey People always think they can make money on airlines. Time usually proves them wrong...
@mhargra34 I agree they don’t make good long term investments, but they are attractive to traders because of the volatility.

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