Delta Air Lines (DAL) Misses Q1 EPS by 82c, Offers Outlook
Delta Air Lines (NYSE: DAL) reported Q1 EPS of ($3.55), $0.82 worse than the analyst estimate of ($2.73). Revenue for the quarter came in at $4.15 billion versus the consensus estimate of $4.08 billion.
June Quarter 2021 Outlook
2Q21 Forecast | |
Scheduled Capacity 1 | Down ~32% |
Sellable Capacity 1 | Down ~40% |
Total Revenue 1, 2 | Down 50% - 55% |
Fuel Price ($/gal) 2 | $1.85 - $1.95 |
CASM-Ex 1, 2 | Up 6% - 9% |
Capital Expenditures | ~$550 million |
Adjusted Net Debt 2,3 | $19.0 – $19.5 billion |
1 Compared to June quarter 2019 |
2 Non-GAAP measure |
3 Includes estimated PSP3 funds of ~$2.7 billion expected to be received in the June quarter 2021 |
For earnings history and earnings-related data on Delta Air Lines (DAL) click here.