Edition:
United States

Delta Air Lines Reports Second Quarter 2019 Results


Thursday, 11 Jul 2019 07:09am EDT 

July 11 (Reuters) - Delta Air Lines Inc ::QTRLY GAAP EARNINGS PER SHARE $2.21; QTRLY ADJUSTED EARNINGS PER SHARE $2.35.QTRLY TOTAL OPERATING REVENUE $12.54 BILLION VERSUS $11.78 BILLION.QTRLY TOTAL ADJUSTED REVENUE, WHICH EXCLUDES REFINERY SALES, GREW NEARLY $1 BILLION TO $12.5 BILLION.QTRLY TOTAL UNIT REVENUE, ADJUSTED, INCREASED 3.8 PERCENT.BOARD DECLARED QTRLY DIVIDEND OF $0.4025/SHARE, UP 15% OVER PREVIOUS LEVELS.INCREASES FULL YEAR EARNINGS GUIDANCE TO $6.75 TO $7.25 PER SHARE.NOW EXPECTS REVENUE GROWTH OF 6 TO 7 PERCENT FOR THE YEAR, A $3 BILLION INCREASE OVER 2018.SEES Q3 EARNINGS PER SHARE $2.10 TO $2.40.SEES Q3 TRASM, ADJUSTED UP 1.5% TO 3.5%.SEES Q3 CASM - EX UP 1% TO 2%.SEES Q3 SYSTEM CAPACITY UP ABOUT 4%.SEES Q3 PRE-TAX MARGIN OF 14.5% TO 16.5%.SEES Q3 FUEL PRICE, INCLUDING TAXES AND REFINERY IMPACT, OF $1.95 TO $2.15.QTRLY NON-FUEL UNIT COST (CASM-EX) INCREASED 1.4 PERCENT.DELTA AIR LINES - IN QUARTER, CO DECIDED TO ACCELERATE RETIREMENT OF ITS MD-90 FLEET BY 2 YRS TO END OF 2022, WHICH PRESSURED CASM-EX BY ABOUT $60 MILLION.DELTA AIR LINES SAYS ON TRACK TO RETURN $3 BILLION TO CO'S OWNERS THIS YEAR THROUGH SHARE REPURCHASES AND CO'S INCREASED DIVIDEND.DELTA AIR LINES - QTRLY ATLANTIC REVENUES INCLUDED PRESSURE FROM THE CESSATION OF OPERATIONS OF CO'S PARTNER IN INDIA.Q2 EARNINGS PER SHARE VIEW $2.28, REVENUE VIEW $12.50 BILLION -- REFINITIV IBES DATA.FY2019 EARNINGS PER SHARE VIEW $6.98, REVENUE VIEW $46.84 BILLION -- REFINITIV IBES DATA.