Live updates: Delta Air Lines reports 3rd-quarter earnings

3rd quarter

• Adjusted EPS $2.03 vs. $1.51 y/y, estimate $1.94
• EPS $1.72 vs. $1.08 y/y
• Adjusted revenue $14.55 billion, +13% y/y, estimate $14.55 billion
  • Passenger revenue $13.12 billion, +14% y/y, estimate $13.08 billion
  • Cargo revenue $154 million, -36% y/y, estimate $199.1 million
• Passenger load factor 88% vs. 87% y/y, estimate 86.9%
• Available seat miles 73.23 billion, +16% y/y, estimate 73.14 billion
• Revenue passenger miles 64.10 billion, +17% y/y, estimate 63.53 billion
• Adjusted net income $1.31 billion, +35% y/y, estimate $1.25 billion
• Yield per passenger mile 20.47c, -2.2% y/y

Full-year 2023 forecast

• Sees adjusted EPS $6 to $6.25, saw $6 to $7, estimate $6.03

Source: Bloomberg

3rd quarter

• Adjusted EPS estimate $1.94 (Bloomberg Consensus)
• EPS estimate $1.94
• Adjusted revenue estimate $14.55 billion
  • Passenger revenue estimate $13.08 billion
  • Cargo revenue estimate $199.1 million
• Passenger load factor estimate 86.9%
• Available seat miles estimate 73.1 billion
• Revenue passenger miles estimate 63.5 billion
• Adjusted net income estimate $1.25 billion

Full-year 2023

• Adjusted EPS estimate $6.03
• EPS estimate $6.03
• Adjusted revenue estimate $54.59 billion

Source: Bloomberg