earnings
confidence high
sentiment neutral
materiality 0.80
Delta Q3 EPS $1.50 adj. ($1.97 GAAP); CrowdStrike outage cost $380M revenue hit, 45¢ EPS
DELTA AIR LINES, INC.
2024-Q3 EPS reported
$4.04
revenue$46,084,000,000
- GAAP net income $1.27B ($1.97/share); adjusted net income $971M ($1.50/share), down 26% YoY mainly due to CrowdStrike outage.
- Adjusted operating revenue $14.6B (flat YoY); total unit revenue down 3.6% including 1.1pt outage hit.
- December quarter guidance: revenue +2-4% YoY, operating margin 11-13%, EPS $1.60-$1.85, pre-tax profit growth ~30% YoY.
- CrowdStrike outage impact: $380M revenue loss, $170M non-fuel expense, 7,000 flight cancellations; 2.3pt margin hit.
- Debt reduction $2.4B YTD; adjusted net debt $18.7B; Fitch upgrade to investment grade. Total debt $17.7B at quarter end.