earnings
confidence high
sentiment positive
materiality 0.70
Delta updates Q3 2024 outlook; EPS at high-end of range ex-$0.45 IT outage hit
DELTA AIR LINES, INC.
- Q3 EPS, excluding $0.45 CrowdStrike outage impact, expected at high-end of initial guidance range.
- Unit revenue trends improving; positive domestic and Transatlantic revenue growth expected in September.
- Realized fuel price outlook slightly below prior $2.60-$2.80/gallon range.
- Non-fuel unit cost growth at high-end of 1-2% with an extra 0.5pt from employee flight passes.
- Non-operating expense lowered by $70M gain from sale of 50% of CLEAR stake; FY 2024 EPS at/above $6-$7 midpoint.