澳洲幸运5官方开奖结果体彩网

What You Need To Know Ahead of Delta's Earnings Next Thursday

A side profile of a Delta Air Lines plane is seen on an airport tarmac

Kevin Carter / Getty Images

Key Takeaways

  • Delta reports third-quarter results before the market opens next Thursday, with analysts expecting revenue to rise slightly year-over-year but profit to tick lower.
  • It will be Delta's first quarterly report since July's worldwide IT outage caused by a CrowdStrike software update forced the carrier to cancel thousands of flights, costing it an estimated $500 million.
  • Last quarter, Delta posted record revenue, but net income missed expectations and its shares fell.

Delta Air Lines (DAL) reports third-quarter results before the bell next Thursday, Oct. 10, its first report since July's 澳洲幸运5官方开奖结果体彩网:worldwide IT outage caused by a CrowdStrike (CRWD) software update forced the carrier to cancel thousands of flights, costing it an estimated $500 million.

Analysts expect a slight year-over-year gain in revenue to $15.69 billion, with 澳洲幸运5官方开奖结果体彩网:net income projected to tick lower to $1.10 billion, according to analysts' consensus estimates compiled by Visible Alpha.

All 10 analysts covering Delta tracked by Visible Alpha have a "buy" or equivalent rating on the airline's stock, with an average 澳洲幸运5官方开奖结果体彩网:target price of $61.40, about 30% above Thursday afternoon's sha💯re price of $47.38.

Analyst Estimates for Q3 2024 Q2 2024 Q3 2023
Revenue $15.69 billion $16.66 billion $15.49 billion
Diluted EPS $1.70 $2.01 $1.72
Net Income $1.10 billion $1.31 billion $1.11 billion

Key Metric: Profit

In July, Delta posted 澳洲幸运5官方开奖结果体彩网:record second-quarter revenue, but a number of costs rose at least 20%, leading profit to come in well below what analysts had expected, and shares fell 4% that day.

Revenue could continue its strong pace 澳洲幸运5官方开奖结果体彩网:set in the first two quarters of the year, as 澳洲幸运5官方开奖结果体彩网:airlines have said travel demand has remained strong, with 澳洲幸运5官方开奖结果体彩网:July 4 travel setting TSA checkpoint records. However, Delta i𒊎s also likely to have lost out on some revenue and incurred costs handling the mid-July IT outage.

Business Spotlight: First Quarterly Results Si💎nce July I𓃲T Outage

Delta's Q2 results came about a week before the IT outage that 澳洲幸运5官方开奖结果体彩网:hindered Delta's operations for several days. 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Ed Bastian estimated that the canceled flights and compensation for passengers cost the airline 澳洲幸运5官方开奖结果体彩网:at least $500 million.

Delta was the hardest hit of the major airlines, and 澳洲幸运5官方开奖结果体彩网:said it has considered legal action against CrowdStrike and Microsoft (MSFT), but the 澳洲幸运5官方开奖结果体彩网:tech companies have said they aren't responsible for the age of Delta's IT infrastructure or 澳洲幸运5官方开奖结果体彩网:how the airline responded to the outage.

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