Delta Air Lines (DAL) Releases Earnings Results, Beats Expectations By $0.05 EPS

Delta Air Lines (DAL) announced its most recent quarterly financial results on Thursday, Oct-13-2016. DAL said it had a profit of $1.70 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.65. The company posted revenue of $10483.00 million in the period, compared to analysts expectations of $10504.47 million. DAL’s revenue was down -5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS.

Many Wall Street Analysts have commented on Delta Air Lines. Bernstein Initiated Delta Air Lines on Oct 11, 2016 to “Mkt Perform”, Price Target of the shares are set at $43.Imperial Capital Initiated Delta Air Lines on Aug 24, 2016 to “In-line”, Price Target of the shares are set at $41.

Delta Air Lines closed down -0.83 points or -2.09% at $38.94 with 1,21,66,578 shares getting traded on Tuesday. Post opening the session at $40.25, the shares hit an intraday low of $38.79 and an intraday high of $40.26 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Oct 6, 2016, Steven M Sear (Pres. Int’l & EVP Global Sales) sold 4,671 shares at $40.16 per share price. According to the SEC, on Aug 4, 2016, George N Mattson (director) purchased 10,000 shares at $36.50 per share price. On Jul 18, 2016, Richard H Anderson (Exec. Chairman of the Board) sold 758,000 shares at $40.01 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.

Delta Air Lines

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