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
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
