Delta reaffirms Q4 and FY 2023 guidance at Morgan Stanley conference

DELTA AIR LINES, INC.

Q4 2023: revenue +9-12% YoY, operating margin 9-11%, EPS $1.05-$1.30.
Full-year 2023: revenue +~20% YoY, operating margin ~11.5%, EPS $6.00-$6.25.
Guidance unchanged from October 12, 2023; no new financial targets provided.
Non-GAAP revenue adjusted to exclude third-party refinery sales for comparability.

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