Delta Airlines Q2 Misses Earnings Estimates Due To Costly Fuel Prices

- Delta Airlines Q2 Misses Earnings Estimates Due To Costly Fuel Prices



Jul 27, 2011

Delta Airlines (NYSE:DAL) reported a Q2 loss of $0.43, narrower than analyst estimates for a loss of $0.46 per share. Revenues for the quarter rose 12.1% year-over-year to $9.15 billion, missing consensus estimates of $9.16 billion.

Richard Anderson, Delta's chief executive officer said, "High fuel prices are putting significant pressure on the industry, but the benefits of Delta's strategic actions and the dedication of Delta employees are evident in the solid profit we produced despite more than $1 billion in higher fuel expense. Our revenue momentum, coupled with the capacity reductions we are making in September and actions to get our non-fuel costs to 2010 levels, will generate the margins we need to hit our return targets."

Delta Air Lines (NYSE:DAL) has a potential upside of 80.1% based on a current price of $8.02 and an average consensus analyst price target of $14.44.

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Delta Air Lines Reports Generally Higher May Traffic, Surpassing American Airlines

- Delta Air Lines Reports Generally Higher May Traffic, Surpassing American Airlines



Jun 7, 2011

Delta Air Lines (DAL) today posted its May traffic results, with system traffic up 2.2% from the year-ago month on a 2.2% increase in capacity making it the world's largest carrier by traffic, surpassing American Airlines. Load factor is still at 83.9%, which is flat with last year.

Domestic traffic also increased by 1.9% versus last year on a 0.4% increase in capacity. Load factor for domestic increased to 85.1%. International traffic is up 2.6% versus last year on a 5% capacity increase, with load factor down 2 points to 82.2%.

The higher traffic is due to the consolidation of Delta's subsidiary Northwest Airlines, which was completely integrated into Delta network in January of 2010.

DAL shares are down slightly 0.21% to $9.60.

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