Delta posts profit beat on loyal, new customers as rivals battle 737 MAX crisis [Reuters]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: Reuters
Delta posts profit beat on loyal, new customers as rivals battle 737 MAX crisis CHICAGO, Jan 14 (Reuters) - Delta Air Lines Inc posted on Tuesday a fourth-quarter profit that beat Wall Street forecasts, boosted by customers gained from rival airlines’ 737 MAX cancellations and what CEO Ed Bastian said was a growing preference for the Delta brand. Airlines that own Boeing Co’s 737 MAX are together cancelling more than 10,000 monthly flights as the aircraft remains grounded following two deadly crashes. Delta does not operate the MAX, enabling it to grow its flight capacity and capture new customers while peers like Southwest Airlines Co have had to scale back. Atlanta-based Delta’s net income rose 8% to $1.1 billion in the quarter to Dec. 31 from a year earlier. Adjusted earnings per share hit $1.70, beating analysts’ expectations for profit of $1.40 per share, according to IBES data from Refinitiv. Total operating revenue rose 7% to $11.4 billion. “There’s no question that we’re picki
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DAL
Earnings
- 4/10/24 - Beat
DAL
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 3
- 5/3/24 - Form 3
- DAL's page on the SEC website