Categories Analysis, Industrials

What to expect when Delta Airlines (DAL) reports Q4 2023 earnings

Delta has guided for EPS of $1.05-1.30 for Q4 2023

Shares of Delta Air Lines (NYSE: DAL) rose 3% on Monday. The stock has gained over 18% in the past three months. The airline is slated to report its fourth quarter 2023 earnings results on Friday, January 12, before markets open. Here’s a look at what to expect from the earnings report:

Revenue

Delta has guided for total revenue in the fourth quarter of 2023 to increase 9-12% from the same period last year. Analysts are projecting revenue of $13.54 billion for Q4. This compares to operating revenue of $13.43 billion reported in the year-ago quarter. In the third quarter of 2023, Delta reported operating revenue of $15.5 billion.

Earnings

Delta has guided for EPS of $1.05-1.30 for Q4 2023. Analysts are predicting EPS of $1.16 for the quarter. This compares to adjusted EPS of $1.48 reported in Q4 2022. In Q3 2023, adjusted EPS was $2.03.

Points to note

On its last quarterly conference call, Delta mentioned that demand for travel remained strong, with steady domestic demand and growing international demand. Leisure travel remains strong while business travel continues to improve. As per a corporate survey undertaken by the airline at the time, the majority of companies expected their travel volumes to grow or remain the same sequentially in the December quarter.    

Delta expects total unit revenue (TRASM) to decrease 2.5-4.5% in the fourth quarter while capacity is expected to be up 14-15%. It expects domestic and Transatlantic trends to remain consistent with the third quarter, and Pacific and Latin America unit revenue trends to modestly decelerate.

The company expects non-fuel unit costs to be flat to up 2% year-over-year in Q4. December fuel prices are expected to range between $2.90-3.20 per gallon. Delta expects operating margin in Q4 to range between 9-11%.

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

DG Earnings: All you need to know about Dollar General’s Q4 2024 earnings results

Dollar General Corporation (NYSE: DG) reported its fourth quarter 2024 earnings results today. Net sales increased 4.5% year-over-year to $10.3 billion. Same-store sales increased 1.2%. Net income of $191.2 million was

Adobe (ADBE) reports higher Q1 revenue, adjusted earnings

Adobe Inc. (NASDAQ: ADBE) on Wednesday reported an increase in revenue and adjusted profit for the first quarter of 2025. The numbers also exceeded Wall Street's expectations. The design software

Darden Restaurants likely to report higher sales and profit for Q3 2025

Despite rising costs and shifting consumer habits, Darden Restaurants, Inc. (NYSE: DRI) has maintained stable performance, reflecting the unwavering popularity of its brands and their ability to compete effectively in

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top