Categories AlphaGraphs, Earnings, Industrials
Infographic: Delta Air Lines slips to Q3 loss as revenues fall 76%
Delta Air Lines (NYSE: DAL) reported a loss for the third quarter as the company’s operations were affected by the COVID-related disruption. The stock suffered a big loss on Tuesday morning, soon after the announcement.
The aviation firm posted a loss of $3.30 per share, on an adjusted basis, in the third quarter, compared to earnings of $2.33 per share a year earlier. The reported net loss was $5.38 billion or $8.47 per share, which marked a deterioration from the prior-year period when the company recorded a profit of $1.5 million or $2.31 per share.
The bottom-line was hurt by a 76% fall in revenues to $3.1 billion, reflecting the sharp fall in passenger traffic that triggered widespread trip cancellations. The top-line matched the Street view, while earnings missed.
DAL shares fell 3.8% during Tuesday’s pre-market trading hours, immediately following the announcement, after closing the previous session lower.
Read management/analysts’ comments on Delta Air Lines’ Q3 earnings
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion
