Delta Air Lines Announces June Quarter Profit
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Delta Air Lines (DAL) Tops Q2 EPS by 10c; Raises FY19 EPS Guidance, Provides Q3 EPS Mid-Point Guidance Above Consensus
July 11, 2019 7:04 AM EDTDelta Air Lines (NYSE: DAL) reported Q2 EPS of $2.35, $0.10 better than the analyst estimate of $2.25. Revenue for the quarter came in at $12.5 billion versus the consensus estimate of $12.48 billion.
Adjusted earnings per share were $2.35, reflecting a 32 percent increase year over year with 8.7 percent top-line growth, 2.3 points of operating margin expansion and $1.8 billion of free cash flow.Total adjusted revenue, which excludes refinery sales, grew nearly $1 billion to $12.5 billion, a new quarterly record, with 52 percent of adjusted revenue from premium products and non-ticket sources.Total unit revenue, adjusted,... More