Delta Air Lines Sees 2020 EPS $6.75-$7.75 Vs. $7.05 Street View
December 12 2019 - 7:51AM
Dow Jones News
By Colin Kellaher
Delta Air Lines Inc. (DAL) on Thursday said it expects to report
further earnings improvement next year amid favorable travel
trends.
The Atlanta airline forecast a 2020 profit of $6.75 to $7.75 a
share, up from the $6.75 to $7.25 a share it expects to earn this
year.
Delta said it expects revenue will rise by 4% to 6% next year to
about $49 billion, up from the roughly $47 billion it has penciled
in for 2019.
Analysts polled by FactSet, on average, expect Delta to post a
profit of $7.05 a share in 2020 on revenue of $48.6 billion.
Delta also said it expects free cash flow of about $4 billion in
2020, in line with 2019, adding that it remains committed to
returning 70% of free cash flow to shareholders.
Shares of Delta, which closed Wednesday at $55.08, rose 2.2% in
premarket trading Thursday.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 12, 2019 07:36 ET (12:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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