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.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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.
Fuente: CNBC - 🏆 12. / 72 Leer más »

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.
Fuente: NBCPhiladelphia - 🏆 569. / 51 Leer más »