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MarketScreener Homepage  >  Equities  >  Nyse  >  Delta Air Lines Inc.    DAL

DELTA AIR LINES INC.

(DAL)
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Delta Air Lines : quarterly profit surges 39% on higher fares

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07/11/2019 | 09:03am EDT
FILE PHOTO: Delta airlines logo is seen inside of the Commodore Arturo Merino Benitez International Airport in Santiago

(Reuters) - Delta Air Lines Inc reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller planes.

Supply constraint due to the extended grounding of the Boeing 737 MAX planes is expected to help U.S. airlines that do not have the jet in their fleet, including Delta.

The company also raised its full-year profit forecast to between $6.75 and $7.25 per share from a previous range of $6 to $7 per share.

Net income rose to $1.44 billion (£1.15 billion), or $2.21 per share, in the quarter ended June 30 compared with $1.04 billion, or $1.49 per share, a year earlier.

On an adjusted basis, the airline earned $2.35 per share for the quarter. Analysts on average expected a profit of $2.28 per share, according to IBES data from Refinitiv.

Total operating revenue rose 6.5% to $12.54 billion.

(Reporting by Sanjana Shivdas in Bengaluru and Tracy Rucinski in Chicago; Editing by Arun Koyyur)

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Financials (USD)
Sales 2019 46 939 M
EBIT 2019 6 588 M
Net income 2019 4 632 M
Debt 2019 9 788 M
Yield 2019 2,60%
P/E ratio 2019 8,60x
P/E ratio 2020 8,32x
EV / Sales2019 1,05x
EV / Sales2020 0,96x
Capitalization 39 458 M
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Technical analysis trends DELTA AIR LINES INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 69,81  $
Last Close Price 60,91  $
Spread / Highest target 47,8%
Spread / Average Target 14,6%
Spread / Lowest Target 0,15%
EPS Revisions
Managers
NameTitle
Edward Herman Bastian Chief Executive Officer & Non-Independent Director
Glen William Hauenstein President
Francis S. Blake Non-Executive Chairman
Wayne Gilbert West Chief Operating Officer & Senior Executive VP
Paul A. Jacobson Chief Financial Officer & Executive Vice President
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