Delta forecasts quarterly earnings ahead of expectations, focuses on efficiency as growth steadies

The company forecast second-quarter earnings of $2.20 to $2.50 a share.An Airbus A330-941 is being delivered to Delta Air Lines, flying from Toulouse Blagnac Airport to Atlanta, in Toulouse, France, on December 8, 2023.swung to a profit in the first quarter, and CEO Ed Bastian said bookings for both leisure and business travel are strong as the peak travel season approaches, despite

Delta forecast second-quarter earnings of $2.20 to $2.50 per share, while analysts forecast between $2.23 per share on average, according to LSEG, formerly known as Refinitiv. It said revenue in the current period could rise as much as 7%, ahead of analysts' estimates. Delta also reiterated its full-year forecast for $6 to $7 a share and free cash flow of between $3 billion and $4 billion.

Revenue of $12.56 billion, adjusted to strip out refinery sales, was up 6% from last year, and slightly below analysts' expectations.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Delta tops quarterly earnings expectations, focuses on efficiency as growth steadiesCEO Ed Bastian said hiring has slowed after the company added staff aggressively following the pandemic.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer's week ahead: Earnings from Delta, Constellation Brands and major banksCNBC’s Jim Cramer on Friday told investors what to look out for next week on Wall Street.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »