Delta Air Lines Inc (DAL) has publicly announced its fourth-quarter earnings, showing a decline from the same period the previous year, yet surpassing the expectations set by analysts.
The company reported a net income of $843 million, or $1.29 per share, a decrease from the previous year's $2.037 billion, or $3.16 per share. When excluding one-time items, Delta Air Lines Inc achieved an adjusted net income of $1.203 billion, equating to $1.85 per share.
This performance exceeded analysts' average expectations, as compiled by Thomson Reuters, which forecasted earnings of $1.74 per share, typically excluding special items.
Meanwhile, Delta's revenue for the quarter saw a 9.4% increase, reaching $15.56 billion, up from $14.22 billion in the same quarter last year.
In brief, Delta Air Lines Inc's financial highlights for the fourth quarter included:
- Earnings (Q4): $843 million, down from $2.037 billion last year.
- Earnings per Share (EPS) (Q4): $1.29, compared to $3.16 in the previous year.
- Revenue (Q4): $15.56 billion, up from $14.22 billion the prior year.
Looking ahead, the company has provided EPS guidance for the upcoming quarter, projecting a range between $0.70 and $1.00.
