Credit Suisse Trims PT on Delta Air (DAL) to $64 Following Q4 Results, Update
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Go back to Credit Suisse Trims PT on Delta Air (DAL) to $64 Following Q4 Results, Update
January 19, 2016 10:21 AM EST
Delta Air Lines (NYSE: DAL) is seeing sharp upside with comments being made at the company's quarterly conference call. The company said it has slowed capacity growth into Europe, among other comments. Shares are up 4.9%.
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January 19, 2016 7:23 AM EST
By Jeffrey Dastin
(Reuters) - Delta Air Lines Inc (NYSE: DAL) on Tuesday said a billion-dollar windfall from low fuel prices will far offset slumping sales to Europe after the November Paris attacks, forecasting its profit margin will more than double in the first quarter.
Shares were up around 3 percent in afternoon trading, despite Delta reporting a fourth-quarter adjusted profit of $926 million just short of analysts' average estimate of $928 million, according to Thomson Reuters I/B/E/S.
With fuel prices chopped nearly by half from a year earlier, Delta said it... More
January 19, 2016 7:03 AM EST
Delta Air Lines (NYSE: DAL) reported Q4 EPS of $1.18, $0.01 worse than the analyst estimate of $1.19. Revenue for the quarter came in at $9.5 billion versus the consensus estimate of $9.61 billion.
Delta's operating revenue for the December quarter decreased 2 percent, or $145 million, due to $160 million in... More
