Delta Air Lines' (DAL) Q4 Earnings Top Estimates, Rise Y/Y
Delta Air Lines DAL, which kick-started the fourth-quarter 2019 earnings season for the airline space, reported earnings per share (excluding 1 cent from non-recurring items) of $1.70 per share, which surpassed the Zacks Consensus Estimate by 30 cents. The bottom line also improved 30.8% on a year-over- year basis, mainly owing to low fuel costs. Delta’s results were also aided by the sale of its stake in GOL Linhas GOL.
Operating revenues in the quarter came in at $11,439 million, edging past the Zacks Consensus Estimate. However, the top line increased 6.5% on a year-over-year basis, backed by upbeat air-travel demand from holiday travelers.
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https://finance.yahoo.com/news/delta-air...03039.html
Delta Air Lines DAL, which kick-started the fourth-quarter 2019 earnings season for the airline space, reported earnings per share (excluding 1 cent from non-recurring items) of $1.70 per share, which surpassed the Zacks Consensus Estimate by 30 cents. The bottom line also improved 30.8% on a year-over- year basis, mainly owing to low fuel costs. Delta’s results were also aided by the sale of its stake in GOL Linhas GOL.
Operating revenues in the quarter came in at $11,439 million, edging past the Zacks Consensus Estimate. However, the top line increased 6.5% on a year-over-year basis, backed by upbeat air-travel demand from holiday travelers.
...
https://finance.yahoo.com/news/delta-air...03039.html
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