the company now expects pre-tax margin of 13-14% and EPS of $1.65 – $1.75.
Meanwhile, analysts expect Delta to report earnings of $1.72 per share on an earning growth of 8% to $11.67 billion. For Q2, the airline company expects its revenue per available seat mile to grow between 4-5%.
As of Tuesday, the stock is trading up 1.86% at $50.51. Ten out of 11 analysts covering the stock has a BUY rating, with the eleventh one has given HOLD.
Traffic report for June:
In June, Delta flew a record 17.7 million passengers, with June 29 being the second busiest day in its history after June 30, 2017. The company’s revenue passenger miles (RPMs), came in at 21.45 million, up 3% year-over-year. Consolidated capacity or available seat miles (ASM) also inched up 3% to 24.23 million. Load factor remained flat at 88.5%.
Delta Q1 results (click to enlarge)
