earnings
confidence high
sentiment negative
materiality 0.75
Delta Air Lines lowers Sep Q EPS guidance to $1.85-$2.05; reaffirms FY23 EPS $6-$7
DELTA AIR LINES, INC.
- Sep Q EPS guidance cut to $1.85-$2.05 from $2.20-$2.50; full-year EPS reaffirmed $6-$7.
- Fuel price per gallon guidance raised to $2.75-$2.90 from $2.50-$2.70.
- Non-fuel unit costs (CASM-Ex) expected up 1%-2% vs prior down 1%-3% on higher maintenance.
- Operating margin now ~13% (prior mid-teens); TRASM narrowed to down 2%-3% (improved).
- Revenue growth still in upper half of 11%-14% YoY; ASMs unchanged up 16%.