Delta Air Lines (DAL) Revenue Q1 2023
An Airbus A330 Neo widebody aircraft for Delta Air Lines being tested in Toulouse, France.
Narfoto | Narfoto | Getty Images
delta airlines posted a larger loss than before Estimate However, revenue growth and earnings in the second quarter exceeded analyst expectations, indicating strong travel demand despite weakness in other sectors.
The Atlanta-based company expects revenue to grow 15% to 17% this quarter from last year, an adjusted operating margin of up to 16%, and adjusted earnings per share of $2 to $2.25. said to expect. Analysts surveyed by Refinitiv had expected second-quarter sales growth of 14.7% and earnings per share of $1.66. The airline predicted “record summer advance bookings”.
Delta said it plans to expand capacity in the second quarter by 17% from the same period last year.
However, first-quarter adjusted revenues and adjusted earnings fell short of analyst expectations. Unit price, excluding fuel, increased by 4.7% year-on-year, partly due to flight cancellations due to winter storms.
U.S. airlines generally generate most of their revenue during the busy spring and summer travel seasons, and Delta’s outlook shows the strength of travel demand and its strong pricing power. Delta Air Lines is the first US airline to report earnings. united airlines report on Tuesday american airlines and Southwest Airlines Continues next week.
Corporate bookings are recovering, with domestic sales returning to 2019 levels at 85% in March, according to Delta Air Lines. It also enhanced its loyalty program with a co-branded credit card partnership. american express Delta said it contributed $1.7 billion last quarter, up 38% from last year.
Sales of premium cabins, such as first class, exceed those of standard coaches, according to the airline.
Delta shares rose more than 4% in pre-market trading.
Delta’s performance during the period included: Ends March 31compared to Wall Street expectations based on Refinitiv consensus estimates:
- Adjusted earnings per share: 25 cents vs. 30 cents forecast.
- Adjusted earnings: Expected $11.84 billion vs. $11.99 billion.
In the first quarter, Delta posted a net loss of $363 million, or 57 cents per share. New four-year pilot contract This includes a 34% pay raise. That’s still an improvement from the same period last year, when the company reported a net loss of $940 million, or $1.48 per share, as travel demand is still picking up.
Adjusting for one-off items, the company reports net income of $163 million ($25 cents per share), down from a loss of $748 million ($1.23 per share) in the first quarter of 2022 Did.
Delta executives call analysts to discuss results at 10am
Summarize this content to 100 words An Airbus A330 Neo widebody aircraft for Delta Air Lines being tested in Toulouse, France.Narfoto | Narfoto | Getty Imagesdelta airlines posted a larger loss than before Estimate However, revenue growth and earnings in the second quarter exceeded analyst expectations, indicating strong travel demand despite weakness in other sectors.The Atlanta-based company expects revenue to grow 15% to 17% this quarter from last year, an adjusted operating margin of up to 16%, and adjusted earnings per share of $2 to $2.25. said to expect. Analysts surveyed by Refinitiv had expected second-quarter sales growth of 14.7% and earnings per share of $1.66. The airline predicted “record summer advance bookings”.Delta said it plans to expand capacity in the second quarter by 17% from the same period last year.However, first-quarter adjusted revenues and adjusted earnings fell short of analyst expectations. Unit price, excluding fuel, increased by 4.7% year-on-year, partly due to flight cancellations due to winter storms.U.S. airlines generally generate most of their revenue during the busy spring and summer travel seasons, and Delta’s outlook shows the strength of travel demand and its strong pricing power. Delta Air Lines is the first US airline to report earnings. united airlines report on Tuesday american airlines and Southwest Airlines Continues next week.Corporate bookings are recovering, with domestic sales returning to 2019 levels at 85% in March, according to Delta Air Lines. It also enhanced its loyalty program with a co-branded credit card partnership. american express Delta said it contributed $1.7 billion last quarter, up 38% from last year. Sales of premium cabins, such as first class, exceed those of standard coaches, according to the airline.Delta shares rose more than 4% in pre-market trading.Delta’s performance during the period included: Ends March 31compared to Wall Street expectations based on Refinitiv consensus estimates:Adjusted earnings per share: 25 cents vs. 30 cents forecast.Adjusted earnings: Expected $11.84 billion vs. $11.99 billion.In the first quarter, Delta posted a net loss of $363 million, or 57 cents per share. New four-year pilot contract This includes a 34% pay raise. That’s still an improvement from the same period last year, when the company reported a net loss of $940 million, or $1.48 per share, as travel demand is still picking up.Adjusting for one-off items, the company reports net income of $163 million ($25 cents per share), down from a loss of $748 million ($1.23 per share) in the first quarter of 2022 Did.Delta executives call analysts to discuss results at 10am
https://www.cnbc.com/2023/04/13/delta-air-lines-dal-earnings-q1-2023.html Delta Air Lines (DAL) Revenue Q1 2023