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Delta Air Lines (DAL) Tops Q4 EPS by 4c, Revenues Miss; Offers 1Q EPS Outlook Below Consensus

January 15, 2019 7:04 AM

Delta Air Lines (NYSE: DAL) reported Q4 EPS of $1.30, $0.04 better than the analyst estimate of $1.26. Revenue for the quarter came in at $10.74 billion versus the consensus estimate of $10.76 billion.

"2018 was a successful year for Delta with record operational reliability, increasing customer satisfaction, and solid financial results in the face of higher fuel costs. Delta people are the foundation of our success and I am honored to recognize their efforts with $1.3 billion in profit sharing for 2018," said Ed Bastian, Delta\'s chief executive officer. "As we move into 2019, we expect to drive double-digit earnings growth through higher revenues, maintaining a cost trajectory below inflation, and the modest benefit from lower fuel costs. Margin expansion is a business imperative and we remain confident in our full-year earnings guidance of $6 to $7 per share."

"Delta's strong brand momentum was evident across the business with positive unit revenue growth in all geographic entities for the full year, a record revenue premium to the industry, and double-digit revenue growth from premium products and non-ticket sources," said Glen Hauenstein, Delta's president. "Our March quarter adjusted unit revenue growth is expected to be flat to up two percent including impacts from the timing of Easter, increasing currency headwinds, and the ongoing government shutdown."

GUIDANCE:

Delta Air Lines sees Q1 2019 EPS of $0.70-$0.90, versus the consensus of $0.95.

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

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