Delta Air Lines, Inc. (NYSE:DAL) outlined third quarter earnings before market open today that exceeds street estimates
The company unveiled income for the third quarter swell 20.31 percent of $ 1495.00 million or $ 2.31 per share, compared to income of $ 1322.00 million or $ 1.92 per share for the year-ago quarter.
DAL reported third quarter Non-GAAP net income of $ 1506.00 million or or $ 2.32 per share
The operating revenue for the third quarter gained 5.08 percent to $ 12560.00 million from $ 11953.00 million in the same quarter last year
Street analysts expected Delta Air Lines, Inc. to report income of $ 2.26 per share on revenue of $ 12601.30 million for the third quarter.
Analysts estimates are from Thomson Reuters, exclude one time gain or loss.
Ed Bastian, Chief executive officer, commented, Our powerful brand and competitive strengths drove another quarter of great results for our people, customers and owners. Our people bring our brand to life on every flight and I am pleased to recognize their outstanding efforts with over $1 billion in profit sharing accrued so far this year.
For the next quarter, Delta expects to deliver solid top-line growth and operating margin expansion.
The quarterly report cited earnings projection for 4Q19 in a range from $ 1.20 to $ 1.50 per share