Add as a preferred source on GoogleDelta Air Lines Keeps Q3 Revenue Outlook as EPS Estimate Falls Short
The airline is expected to report $18.92 billion in third-quarter revenue and non-GAAP EPS of $1.76 on Oct. 9, below its $2-$2.50 adjusted EPS guidance.
Delta Air Lines is heading into its third-quarter earnings release with revenue expectations holding steady while the consensus estimate for earnings remains below management’s guidance range.
The airline is expected to report $18.92 billion in revenue and non-GAAP EPS of $1.76 for the quarter. Delta has guided for adjusted EPS of $2-$2.50.
The consensus EPS estimate is below Delta’s guidance range, creating uncertainty over whether the company will meet its target. Revenue expectations have remained firm despite pressure on the earnings outlook.
Fuel costs are a key concern for the quarter. Delta’s fuel expense rose 77% in the second quarter, and ongoing refinery outages are a concern for the upcoming quarter.
The results will provide the next measure of how fuel expenses are affecting Delta’s earnings performance as the company prepares to report on Oct. 9.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.