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.
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.