American air carrier Delta Air Lines (DAL) delivered outstanding third-quarter results, posting its first quarterly profit since the beginning of the pandemic as travel demand picked up pace through the summer. However, shares sank 5.8% to close at $41.03 on October 13 as the company warned of rising fuel prices. Adjusted earnings of $0.30 per share significantly beat analyst estimates of $0.17 per share. In Q3FY20, Delta posted a huge quarterly adjusted loss of $8.47 per share. The company warned that the current rise in fuel prices will hamper its ability to profit in the fourth quarter. Revenue stood at $9.15 billion and outpaced the Street's estimate of $8.39 billion.
https://www.tipranks.com/news/delta-air-lines-exceeds-q3-expectations-shares-sink-6?utm_source=advfn.com&utm_medium=referral
Delta Air Lines (NYSE:DAL)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Delta Air Lines Charts.
Delta Air Lines (NYSE:DAL)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Delta Air Lines Charts.