Delta Airlines $DAL-1.4% released its Q3 2023 results with nearly 11% year-over-year revenue growth at $15.5 billion (vs. estimate of $15.13 billion). Earnings per share of $2.03 beat analysts' expectations by $0.08 with 34% year-over-year growth.
$37.61
-$0.55
-1.44%
Capital Structure
Market Cap
24.2B
Enterpr. Val.
48.2B
Valuation
P/E
7.1
P/S
0.4
Dividends
Yield
0.5%
Payout
0.0%
The result was driven by the increase in international flights during the summer season and growth in premium services and reduced fuel costs. For Q4, Delta is forecasting year-over-year revenue growth of between 9% and 2% and earnings per share in the range of $1.05 to $1.30. Shares responded by falling 2.3% to a 4-month low of $35.15 in yesterday's trading.
Well, that's great results. Do you have shares of this company or any other company in this sector in your portfolio?
I don't have them in my portfolio, I'm interested in the sector, but I'm not educated enough in it
Do you own one?
Yeah, I get it.