Company news: Delta Air Lines (DAL) quarterly results beat analysts’ expectations

Delta Air Lines (DAL) reported Q2 FY2023 earnings of $2.68 per share (versus $1.44 per share in Q2 FY2022), beating analysts’ consensus estimate of $2.40 per share.

The company’s quarterly revenues amounted to $15.578 bln (+12.7% y/y), beating analysts’ consensus estimate of $14.439 bln.

The company also issued guidance for Q3 FY2023, seeing EPS of $2.20-2.50 versus analysts’ consensus estimate of $2.07 and revenues of +11-14% y/y to ~$14.25-14.64 bln versus analysts’ consensus estimate of $14.34 bln.

For the full FY2023, the company guided EPS of $6.00-7.00 versus analysts’ consensus estimate of $6.18 and revenues of +17-20% y/y to ~$53.36-54.73 bln versus analysts’ consensus estimate of $54.24 bln.

DALrose to $49.50 (+3.23%) in pre-market trading.