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.

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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.
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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.
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