Delta Air Lines (DAL) Posts Q3 EPS of 42c

Delta Air Lines (NYSE: DAL) reported Q3 EPS of $0.42, which may not compare with the analyst estimate of $1.18. Revenue for the quarter came in at $11.18 billion versus the consensus estimate of $11.11 billion.

Delta's operating revenue improved 7 percent, or $688 million, in the September 2014 quarter compared to the September 2013 quarter, driven by continued strength in corporate and domestic revenues. Traffic increased 3.7 percent on a 3.2 percent increase in capacity.

• Passenger revenue increased 6 percent, or $522 million, compared to the prior year period. Passenger unit revenue (PRASM) increased 2.4 percent year-over-year with a 1.9 percent improvement in yield. Seat-related products and other merchandising initiatives increased revenues by nearly $50 million versus the prior year period.
• Cargo revenue increased 7 percent, or $15 million, on higher freight yields and volumes.
• Other revenue increased 15 percent, or $151 million, driven by joint venture, SkyMiles revenues, and third-party refinery sale

For earnings history and earnings-related data on Delta Air Lines (DAL) click here.

You May Also Be Interested In

• Delta Air Lines (DAL) Tops Q2 EPS by 3c, Beats on Revenue; Offers Guidance
• Financial Select Sector SPDR ETF (XLF) spreader of 20K contracts of July 31 weekly 57 and 59 calls into bank earnings season
• Baird on Nurix (NRIX) Earnings Amid 7% Drop: '2Q Print Solid as Breadth of Development Expands'