Delta Airlines: Q2 above expectations
(CercleFinance.com) - Delta Airlines has reported adjusted net income of 1.
2 billion dollars for Q2 (to end-June), representing adjusted EPS of 1.77 dollar, while analysts were expecting an average of three cents less.
The Atlanta-based airline saw its adjusted taxable profit fall to 1.6 billion dollars, weighed on by a rise in kerosene costs, which offset a 9.6% rise in total revenues to nearly 11.8 billion dollars.
“With an expected $2 billion higher fuel bill for 2018, we are now forecasting our full-year earnings to be $5.35 to $5.70 per share. We have seen early success in addressing the fuel cost increase and offset two-thirds of the impact in the June quarter,” said Delta CEO Ed Bastian.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2 billion dollars for Q2 (to end-June), representing adjusted EPS of 1.77 dollar, while analysts were expecting an average of three cents less.
The Atlanta-based airline saw its adjusted taxable profit fall to 1.6 billion dollars, weighed on by a rise in kerosene costs, which offset a 9.6% rise in total revenues to nearly 11.8 billion dollars.
“With an expected $2 billion higher fuel bill for 2018, we are now forecasting our full-year earnings to be $5.35 to $5.70 per share. We have seen early success in addressing the fuel cost increase and offset two-thirds of the impact in the June quarter,” said Delta CEO Ed Bastian.
Copyright (c) 2018 CercleFinance.com. All rights reserved.