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.

Delta Air Lines Q3 2020 earnings infographic

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

  • Delta Air Lines Q2 2020 earnings
  • Delta Air Lines (DAL) Q1 2020 earnings call highlights

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