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
Walgreens Boots Alliance set to report Q2 earnings. Here’s what to expect
Walgreens Boots Alliance, Inc. (NASDAQ: WBA), a market leader in health and wellness services, is preparing to report second-quarter results, with market watchers forecasting a mixed outcome. As part of
Chewy (CHWY) is set for meaningful growth in the coming year, here’s why
Shares of Chewy, Inc. (NYSE: CHWY) stayed red on Thursday. The stock has dropped 2% over the past three months. The pet products company ended fiscal year 2024 on a
GME Earnings: GameStop Q4 2024 profit rises; sales down 28%
Video game company GameStop Corp. (NYSE: GME) has reported an increase in fourth-quarter 2024 earnings, despite a double-digit fall in revenues. Net sales decreased to $1.28 billion in the fourth
