** charts before earnings **
** charts after earnings **
Delta Air Lines beats by $0.06, reports revs in-line; guides Q4 EPS mid point below consensus
Reports Q3 (Sep) earnings of $2.32 per share, $0.06 better than the S&P Capital IQ Consensus of $2.26; revenues rose 5.1% year/year to $12.56 bln vs the $12.61 bln S&P Capital IQ Consensus.
Total revenue and adjusted total revenue are a new quarterly record, as the company served a record 55.2 mln passengers in the quarter.
Total revenue per available seat mile increased 1.1%
Total unit revenue, adjusted, increased 2.5%; Total unit revenue and total unit revenue adjusted increases were driven by healthy leisure and corporate demand and an approximate one point benefit from the amended American Express agreement.
Consolidated operating cost per available seat mile decreased 2.1% compared to the September 2018 quarter, primarily due to lower fuel costs and higher capacity. Non-fuel unit cost increased 2.4% compared to the prior year period, driven by employee costs, record passenger volumes and weather.
Co issues guidance for Q4, sees EPS of $1.20-1.50 vs. $1.50 S&P Capital IQ Consensus.
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