Delta Air Lines beats on earnings and guidance

Discussion in 'Delta Air Lines' started by JonInvest, Apr 10, 2019.

  1. JonInvest

    JonInvest Newbie

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    Delta Air Lines reported a sharp increase in adjusted earnings for the first quarter, helped by a 5% revenue growth.

    Delta also provided guidance for the second quarter, predicting strong earnings and revenue growth.

    Adjusted earnings increased 28% annually to $0.96 per share in the first quarter, helped by strong core performance and benefit from the early renewal of the agreement with American Express.

    During the quarter, the management returned $1.6 billion to shareholders, including $1.3 billion of share repurchases and $233 million in dividends.

    Delta also extended its partnership with American Express up to 2030, under which the companies will continue to work together and deliver value-added services to customers. The arrangement is expected to bring benefits of about $7 billion annually to the company over the next four years.
     
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  2. swamt

    swamt Veteran

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    Congrats to all the Delta employees. 730 million, wow, big numbers for 1st Q.
     
  3. Kev3188

    Kev3188 Veteran

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    Thanks! Hopefully, we can stay focused and keep that momentum going.
     
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  4. Kev3188

    Kev3188 Veteran

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  5. robbedagain

    robbedagain Veteran

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    Congrats to all you all fine hard working folks at the big D
     
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  6. swamt

    swamt Veteran

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    Kev, I think I might be in for eating some crow. I predicted (some time ago if you even remember) that AA would outshine Delta once AA was out of BK at the same amount of time levels as Delta. Doesn't look like that is going to happen. With the recent improved efforts by Delta to win back the premo customers from the other airlines have paid off. And at this point it appears they (premo cust.) are sticking with Delta and not returning to AA.
    The new Amex agreement was a huge popper too, and will take them into the 2020's for some time with even more record profits.
    Again congrats to Delta for taking the #1 spot at the top. Now just stay there and hold it. Whatever they are doing to keep the customers is working, so don't change anything, just keep on trying to improve it even more.
     
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  7. swamt

    swamt Veteran

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    And Delta keeps right on trucking. April records again for Delta. Not quite 17 million passengers. Man that's a lot of passengers for one month. Almost 1/2 mil more than April of last year. Keep it up guys. Delta is way out shining the others.

    Delta Reports Operating Performance for April 2019
     
  8. swamt

    swamt Veteran

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  9. Kev3188

    Kev3188 Veteran

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    Thanks! Hopefully, we can keep that momentum going.
     
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  10. robbedagain

    robbedagain Veteran

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    Congratulations
     
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  11. swamt

    swamt Veteran

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    And BIG D keeps the momentum going for the 2Q too. Not all numbers listed in this article but most get the idea. Ad Bastain said in the interview that Delta saw 90% Load Factor for 2Q, that's huge. Congrats to all at Delta for another fantastic 2Q.
    I will toss this to Kev. Do you know what the 2Q PS portion will be yet? Delta keeps on winning...

    Delta Air Lines (DAL) Q2 Earnings and Revenues Beat Estimates
     
  12. Kev3188

    Kev3188 Veteran

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    I believe it's $518M.
     
  13. swamt

    swamt Veteran

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    Nice. Congrats!
     
  14. swamt

    swamt Veteran

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    Even more great numbers coming out of the Delta camp for the first month of the 3Q, July. Congrats to the Delta employees for keeping it all going well at Delta...

    Delta Air July load factor rises, as traffic rise outpaces ...
     

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