Strong travel demand boosts Delta Air Lines' second quarter profits
Analysts expected per-share earnings of $2.28 in the three months ended in June.SOPA Images | LightRocket | Getty Images' second-quarter profits rose more than 30% from a year ago and topped analysts' expectations, thanks to strong travel demand, the airline said Thursday. Shares were up more than 2% after it reported results.
The Atlanta-based carrier posted a per-share profit of $2.35, on an adjusted basis, on record revenue of $12.5 billion, roughly in line with estimates. Higher revenue from premium cabins and corporate travel helped drive sales higher, the airline said. Delta raised its profit forecast for 2019 to a range of $6.75 to $7.25 per share, above its previous estimate of $6 to $7 a share.
Delta expects earnings per share of $2.10 to $2.40 in the third quarter. Analysts expected third-quarter per-share earnings of $2.18.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A Delta flight was forced to make an emergency landing. Passengers say there was a loud boom and smoke coming into the cabinA Delta Air Lines flight was forced to make an emergency landing in North Carolina when one of the plane's engines failed. Passengers say they heard a boom, and the cabin filled with smoke.
Read more »
Delta Is Expected To Lead Off Airlines' Earnings Season With A BangThere are indications that all four of the biggest U.S airlines – Delta, American, United and Southwest - will issue positive earnings surprises despite some very big challenges the latter three are facing.
Read more »
Senate committee approves FAA nominee over Dem objectionsPresident Donald Trump&39;s nominee to lead the Federal Aviation Administration won approval from a Senate committee Wednesday despite objections from Democrats who questioned the actions of the former Delta Air Lines executive in a case involving a pilot who raised safety issues. The Commerce, Science
Read more »
تجربتي مع كريم الأساس Air Mat من بورجواكريم الأساس Air Mat من بورجوا كان مناسباً جداً لبشرتي الدهنية، فمنحني مظهر جذاب غير لامع بعد تجربة الكثير من كريمات الأساس. ويمكنك التعرف على تجربتي معه هنا
Read more »
Instant Pot Just Released Its Own Air Fryer—And It's Available at WalmartThe Instant Vortex Plus 7-in-1 Air Fryer Oven can air fry, roast, broil, bake, reheat, and dehydrate foods. Here's what you need to know about the new tool.
Read more »