Delta Airlines $DAL+0.8% 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.
Capital Structure
Market Cap
30.1B
Enterpr. Val.
52.4B
Valuation
P/E
6.0
P/S
0.5
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.
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