Delta earnings, revenue top expectations despite powerful hurricanes

Delta earnings, revenue top expectations despite powerful hurricanes
Delta battles rise in costs, including hurricane flight cancellations
Passenger traffic in revenue passenger miles (RPM) was up 3.4 percent on an ASM (available seat miles) capacity increase of 1.6 percent. The resulting load factor improved by 1.5 percentage points to 86.9 percent.

Delta: Q3 Was More Of A Breeze Than A Storm

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Further out, Delta’s recent decision to increase profit sharing for its employees could temper earnings.deadly storms that hit carriers’ hubs late this summer, as well as a bitter trade dispute between two Delta suppliers, Boeing and Canada’s Bombardier.Delta Air Lines, Inc. giving the company a “outperform” rating. (NYSE:DAL) has risen 11.83% since October 11, 2016 and is uptrending.

American, in an investor update on Tuesday, cited “stronger than anticipated yield performance” on airfares in raising its outlook for unit revenue.

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Delta’s quarterly passenger unit revenue rose 1.9 per cent on 1.6 per cent higher capacity. Its passenger revenue increased US$328 million, including US$160 million from fare segmentation initiatives.

Delta Air Lines Inc. (NYSE:DAL) saw its shares fly higher in premarket trade after its set of results for the third quarter beat Wall Street’s expectations.

On an adjusted basis, the largest U.S. airline by market capitalization reported adjusted earnings per share of $1.57, beating Thomson Reuters analysts’ expectations of $1.53 a share for a quarter that ended with hurricanes that crippled operations.

The carrier forecast it would increase its fourth-quarter year-over-year passenger unit revenue by between 2 percent and 4 percent and have an operating margin of between 11 percent and 13 percent.google_ad_client = AdClientID; google_ad_slot = “4341240663”; google_ad_width = 728; google_ad_height = 90; google_ad_channel=”7290817992,1028988335,8569953935″ Delta Air Lines, Inc. (NYSE DAL) traded up 0.08% during trading on Wednesday, hitting $52.74. 6,873,191 shares of the stock traded hands. The firm has a 50-day moving average price of $48.35 and a 200 day moving average price of $49.40. The firm has a market cap of $38.19 billion, a PE ratio of 10.38 and a beta of 1.24. Delta Air Lines, Inc. has a 12 month low of $37.91 and a 12 month high of $55.75.In the quarter, the airline said net income came in at US$1.18bn, or US$1.64 a share, up from in the quarter, against US$1.26bn, or US$1.69 a share, in the year-earlier period.

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Analysts await Rockwell Medical Inc (NASDAQ:RMTI) to report earnings on November, 6. They expect $-0.10 earnings per share, down 11.11% or $0.01 from last year’s $-0.09 per share. After $-0.14 actual earnings per share reported by Rockwell Medical Inc for the previous quarter, Wall Street now forecasts -28.57% EPS growth.

Delta profit beats Wall Street as storms cost less than expected

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Delta Air Lines, Inc. (NYSE:DAL) was sold by Bastian Edward H on Monday, May 22. About 300 shares traded. About shares traded. BancFirst Corporation (BANF) has risen 53.28% since October 11, 2016 and is uptrending. It has underperformed by 32.32% the S&P500.

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our daily email newsletter.Delta Air Lines’ third-quarter adjusted pre-tax income fell 9.5 percent to $1.7 billion (1.29 billion pounds) versus the year prior, hit by a $120 million negative impact from Hurricane Irma in September, the company said on Wednesday.

Delta Air Lines Posts Revenue that Beats

Delta battles rise in costs, including hurricane flight cancellations
Delta battles rise in costs, including hurricane flight cancellations

Bastian Edward H sold $1.21M. The insider West W Gilbert sold 26,131 shares worth $1.32M.

Yesterday Hargreaves Lansdown PLC (LON:HL) traded…

Source: D.M. Martins Research, using data from press releaseWe’ve sent an email with instructions to create a new password. Your existing password has not been changed.11 October 2017 Cleveland Indians slugger Edwin Encarnacion could play in Game 5 of ALDS Francisco Lindor is hitting.071 (1-for-14) and MVP candidate Jose Ramirez is hitting.118 (2-for-17). There wasn’t much needed to be said to a team that has overcome injuries and obstacles all season.Thank you for signing in! We hope that you continue to enjoy our free content.Sign Up Log In Purchase a Subscription –>

Delta Air Lines posted revenue and earnings for its third quarter that beat expectations on Wall Street, but warned that higher costs were on the horizon for the fourth quarter of 2017.

I continue to find DAL a potentially enticing buy for the long term.”While we faced a number of challenges this quarter, including multiple hurricanes and an earthquake in Mexico, I am proud of how Delta people responded and still delivered an outstanding performance this quarter,” CEO Ed Bastian said in a statement.

Adding he thought the ‘Commerce ruling was “nonsensical”, he said Delta expected to get the aircraft at the agreed contract price, although he was prepared to delay the first delivery due in early 2018 to resolve the issue.

Delta is expected to report lower third-quarter earnings

” + “” + options.cwmoreinfo + “” + “” + options.cwagree + “” + “” + options.cwbubbletitle + “Passenger revenue increased $328 million, including $160 million from Delta’s Branded Fares initiatives. 

Cowen bumped up the target of…

(DAL) is up at $52.70 Delta Air Lines Announces September…

We have sent you a confirmation email to {* emailAddressData *}. Please check your inbox and follow the instructions to confirm your email.“Having just completed the busiest summer travel season in our history, we have good momentum, a determined team and a solid pipeline of initiatives to grow earnings and margins,” the airline’s chief executive Ed Bastian said.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd were given a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, August 21st. This is a boost from Delta Air Lines’s previous quarterly dividend of $0.20. Delta Air Lines’s dividend payout ratio is presently 24.25%.
Investors had been worried that the brutal hurricane season, which included three back-to-back storms and resulted in thousands of canceled flights, would have weighed more heavily on the carrier’s profitability.

Delta Air Lines rallies after earnings topper

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.Commenting on the order for 75 Bombardier C aircraft (right) that the U.S. Commerce Department has proposed penalty tariffs totaling 299.45 percent following a Boeing complaint, Bastian reportedly said: “We’re not going to be forced to pay tariffs or anything of the ilk.”

The No. 2 U.S. carrier by passenger traffic reported a 6 percent dip in net profit, largely due to a $120 million pretax hit from Hurricane Irma in September, which forced it to cancel flights.

— Bastian criticized a preliminary government ruling that would impose 300 per cent tariffs on Bombardier C Series planes sold in the U.S. Delta has ordered 75 of the planes from the Canadian manufacturer.Stating a potential upside of 0%,…

10 best stocks for investors to buy right now… and Delta Air Lines wasn’t one of them! That’s right — they think these 10 stocks are even better buys.
The largest airline in the U.S. by market capitalization announced that its adjusted earnings per share reached $1.57, which beat estimates on Wall Street of $1.53 per share for its quarter that ended with operations crippled by hurricanes.

The U.S. Department of Commerce has recommended trade duties of close to 300% on the C-Series jets from Bombardier, after U.S. airplane maker Boeing complained its competitor based in Canada received subsidies and sold its jets at less than costs of production.

Delta sees 3Q profit slip, hints at higher average prices
Delta sees 3Q profit slip, hints at higher average prices

But the airline coped better with the hurricanes after improving crew communications and scheduling in the aftermath of April storms around Atlanta that cancelled thousands of flights, Bastian said.

Delta’s shares rallied in pre-market trading on the better-than-expected quarterly results.Long term 2% cost target on track “Three of four entities reported positive unit revenues, and we see continued opportunity in business yields,” President Glen Hauenstein said in a statement.11 October 2017 House-sized asteroid to skim past Earth ‘damn close’ tomorrow, scientists warn It is expected to swing around again in 2050 and 2079 as it continually loops the Sun. A massive #asteroid will pass near #Earth on #Thursday, according to The Guardian.

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INVESTING RESOURCES Free Trial Get instant access to exclusive stock lists, expert market analysis and educational tools with a free trial to IBD Digital.46:08 Cameron Hurst’s Top Picks: October 10, 2017

Oct 11 2017 Analyst Opinion Summary: Marvell Technology Group Ltd. (MRVL), DCP Midstream, LP (DCP) On the corporate side, third quarter earnings season will begin with the financial sector starting the proceedings. However, 6.96% over the last one month, 14.88% for the last quarter and year to date performance stands at 33.02%.

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Cargo revenue increased 11.5 per cent, driven by higher volumes in freight and mail. 
Delta Profit Dips On Hurricane Irma Effect
Delta Profit Dips On Hurricane Irma Effect
The storms caused widespread flight disruptions, so the losses are expected to grow when American, Southwest and United, which have hubs in Texas and Florida, report their earnings later this month.

Delta at Twitter: