Delta's profit drops 36.3% (DAL) [The Business Insider]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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Source: The Business Insider
Delta's profit drops 36.3% (Reuters) - Delta Air Lines Inc on Wednesday reported a better-than-expected quarterly profit and forecast passenger unit revenue, a closely watched revenue measure, to increase 1-3 percent in the second quarter, citing healthy demand. Shares of the No. 2 U.S. airline by passenger traffic were up 2.4 percent at $46.36 in premarket trading. Delta said March marked the first month of positive passenger unit revenue since November 2015, and it expects the measure to remain positive throughout the rest of the year. Unit revenues - which compare sales with flight capacity - were hurt last year across the industry in the United States due to higher capacity and lower average fares. "We will keep our full-year capacity growth capped at 1 percent to support this unit revenue momentum and the company's return to margin expansion," Delta President Glen Hauenstein said in a statement. Delta said it cancelled about 4,000 flights earlier this month due to severe weather
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DAL
Earnings
- 4/10/24 - Beat
DAL
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 144
- 4/22/24 - Form 144
- DAL's page on the SEC website