Categories AlphaGraphs, Consumer, Earnings

Delta Air Lines stock falls on weak guidance; Q4 earnings beat estimates

Aviation firm Delta Air Lines (DAL) reported stronger than expected earnings for the fourth quarter when strong top-line performance more than offset the impact of higher fuel costs. However, the company’s stock dropped in the pre-market Tuesday after its guidance missed expectations.

Delta Air Lines fourth quarter 2018 earnings infographic
Delta Air Lines Q4 2018 Earnings Infographic

Net income climbed to $1.02 billion or $1.49 per share in the fourth quarter from $0.30 billion or $0.42 per share in the same period last year. On an adjusted basis, earnings rose to $1.30 per share from $0.92 per share in the year-ago quarter and surpassed Wall Street estimates. The bottom-line growth was restricted by a 27% increase in adjusted fuel expenses, which pushed up total operating expenses.

The bottom-line growth was restricted by a 27% increase in adjusted fuel expenses, which pushed up total operating expenses

Operating revenue, on an adjusted basis, advanced 5% annually to $10.74 billion during the three-month period. Passenger revenue, which accounts for the lion’s share of total revenues, moved up 7% and cargo revenues rose 5%. Passenger revenue per available seat mile advanced 2.7% annually, while adjusted total revenue per available seat mile rose by 3.2%.

“As we move into 2019, we expect to drive double-digit earnings growth through higher revenues, maintaining a cost trajectory below inflation, and the modest benefit from lower fuel costs.  Margin expansion is a business imperative and we remain confident in our full-year earnings guidance of $6 to $7 per share,” said Delta CEO Ed Bastian.

Also see: Delta Air Lines Q4 2018 Earnings Conference Call Transcript

The management is currently looking for earnings in the range of $0.70 per share to $0.90 per share for the first quarter of 2019 when pre-tax margin is anticipated to be between 6.5% and 8.5%. However, the expected performance falls short of analysts’ prediction. Adjusted revenue per available seat miles is estimated to be flat to up 2%. Cost per available seat mile, on an adjusted basis, is seen rising by 1-2% and system capacity by about 4%.

During the quarter, the company returned $563 million to shareholders, which included $325 million of share repurchases and $238 million in dividends.

Delta’s shares closed the last trading session lower and lost further in early trading Tuesday. The stock has been on a downtrend for the last twelve months.

 

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Comments

  1. Pingback: Reba Fleurantin
  2. Pingback: Beverly Bultron
  3. Pingback: Lila Lovely BBW
  4. Pingback: MILF Porn
  5. Pingback: valentine gift
  6. Pingback: Click Here
  7. Pingback: Click Here
  8. Pingback: Click Here
  9. Pingback: Click Here
  10. Pingback: Click Here
  11. Pingback: Click Here
  12. Pingback: Click Here
  13. Pingback: Click Here
  14. Pingback: Click Here
  15. Pingback: Click Here
  16. Pingback: Click Here
  17. Pingback: Click Here
  18. Pingback: Click Here
  19. Pingback: Click Here
  20. Pingback: Click Here
  21. Pingback: Click Here
  22. Pingback: Click Here
  23. Pingback: Click Here
  24. Pingback: Click Here
  25. Pingback: Click Here
  26. Pingback: Click Here
  27. Pingback: spaceros
  28. Pingback: Click Here
  29. Pingback: Click Here
  30. Pingback: Click Here
  31. Pingback: Click Here
  32. Pingback: Click Here
  33. Pingback: Click Here
  34. Pingback: Click Here
  35. Pingback: Click Here
  36. Pingback: Click Here
  37. Pingback: Click Here
  38. Pingback: Click Here
  39. Pingback: Click Here
  40. Pingback: Click Here
  41. Pingback: Click Here
  42. Pingback: Click Here
  43. Pingback: Click Here
  44. Pingback: Click Here
  45. Pingback: Click Here
  46. Pingback: Click Here
  47. Pingback: Click Here
  48. Pingback: Click Here
  49. Pingback: Click Here
  50. Pingback: Click Here
  51. Pingback: Click Here
  52. Pingback: Click Here
  53. Pingback: Click Here
  54. Pingback: Click Here
  55. Pingback: Click Here
  56. Pingback: Click Here
  57. Pingback: Click Here
  58. Pingback: earning apps
  59. Pingback: Click Here
  60. Pingback: Click Here
  61. Pingback: Click Here
  62. Pingback: Click Here
  63. Pingback: Click Here
  64. Pingback: Click Here
  65. Pingback: Click Here
  66. Pingback: Click Here
  67. Pingback: Click Here
  68. Pingback: Click Here
  69. Pingback: Click Here
  70. Pingback: Click Here
  71. Pingback: Click Here
  72. Pingback: buy-domains
  73. Pingback: Google reviews
  74. Pingback: 2023 Books
  75. Pingback: cemetery location
  76. Pingback: rip
  77. Pingback: dying
  78. Pingback: obituary
  79. Pingback: cemetery location
  80. Pingback: Chirurgie Tunisie
  81. Pingback: Dental clinic
  82. Pingback: fue
  83. Pingback: Alumni network
  84. Pingback: Academic Year
  85. Pingback: Career Fairs
  86. Pingback: ghaziabad escorts
  87. Pingback: College systems
  88. Pingback: fue contact
  89. Pingback: MBA tuition fees
  90. Pingback: ufc cage
  91. Pingback: prodentim
  92. Pingback: Fiverr Earn
  93. Pingback: Fiverr Earn
  94. Pingback: Fiverr Earn
  95. Pingback: Fiverr Earn
  96. Pingback: Fiverr Earn
  97. Pingback: Fiverr Earn
  98. Pingback: Fiverr Earn
  99. Pingback: fiverrearn.com
  100. Pingback: fiverrearn.com
  101. Pingback: fiverrearn.com
  102. Pingback: fiverrearn.com
  103. Pingback: prodentim
  104. Pingback: cortexi
  105. Pingback: endopump
  106. Pingback: fiverrearn.com
  107. Pingback: fiverrearn.com
  108. Pingback: weather tomorrow
  109. Pingback: french bulldog
  110. Pingback: exotic bully
  111. Pingback: fluffy frenchie
  112. Pingback: cavapoos
  113. Pingback: jute vs sisal rug
  114. Pingback: isla paddle board
  115. Pingback: future university
  116. Pingback: frenchie puppies
  117. Pingback: six sigma
  118. Pingback: FUE
  119. Pingback: FUE
  120. Pingback: Efficient moving
  121. Pingback: FiverrEarn
  122. Pingback: FiverrEarn
  123. Pingback: Media
  124. Pingback: Streamer
  125. Pingback: FiverrEarn
  126. Pingback: FiverrEarn
  127. Pingback: pupuk cair
  128. Pingback: partners
  129. Pingback: cortexi for sale
  130. Pingback: Globalization
  131. Pingback: FiverrEarn
  132. Pingback: FiverrEarn
  133. Pingback: FiverrEarn
  134. Pingback: FiverrEarn
  135. Pingback: FiverrEarn
  136. Pingback: Bilona
  137. Pingback: pharmacy
  138. Pingback: cheap sex cams
  139. Pingback: fullersears.com
  140. Pingback: french bulldog
  141. Pingback: live sex cams
  142. Pingback: live sex cams
  143. Pingback: rare breed-trigger
  144. Pingback: 늑대닷컴
  145. Pingback: Slot Fantasi
  146. Pingback: One Peace AMV
  147. Pingback: One Peace AMV
  148. Pingback: One Peace AMV
  149. Pingback: allgame
  150. Pingback: 918kiss
  151. Pingback: หวย24
  152. Pingback: pg slot
  153. Pingback: electronic visa
  154. Pingback: 6.5 prc ammo
  155. Pingback: 6.5 grendel ammo
  156. Pingback: itsMasum.Com
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top