Delta Air Lines (DAL) reported quarterly earnings results on Thursday, Apr-14-2016. The company said it had a profit of $1.32 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $1.29. The company posted revenue of $9251.00 million in the period, compared to analysts expectations of $9265.45 million. The company’s revenue was down -1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Delta Air Lines. Shares were Downgraded by Deutsche Bank on Apr 1, 2016 to ” Hold” and Lowered the Price Target to $ 55 from a previous price target of $68 .
Delta Air Lines opened for trading at $46.87 and hit $47.8 on the upside on Monday, eventually ending the session at $46.55, with a gain of 0.56% or 0.26 points. The heightened volatility saw the trading volume jump to 88,80,408 shares. Company has a market cap of $36,240 M.
In a different news, on Apr 8, 2016, John S Brinzo (director) sold 2,480 shares at $46.94 per share price. According to the SEC, on Feb 26, 2016, Richard H Anderson (Chief Executive Officer) sold 82,000 shares at $48.75 per share price. On Feb 25, 2016, Joanne D Smith (EVP & Chief HR Officer) sold 3,000 shares at $48.04 per share price, according to the Form-4 filing with the securities and exchange commission.
Delta Air Lines Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company’s route network is centered on a system of hub and international gateway airports that it operates in Amsterdam Atlanta Detroit Los Angeles Minneapolis-St. Paul New York-LaGuardia New York-JFK Paris-Charles de Gaulle Salt Lake City Seattle and Tokyo-Narita. The Company’s segments include its Airline segment and Refinery segment. The Company’s Airline segment provides scheduled air transportation for passengers and cargo and other ancillary airline services including maintenance and repair services for third-parties. Its Refinery segment provides jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third-parties.