DAL Stock – Holiday Travel Helps Delta to an Earnings Beat

Passenger revenue increased in the U.S., Europe and Latin America


Delta Airlines2 300x199 DAL Stock   Holiday Travel Helps Delta to an Earnings BeatOn Tuesday, Delta Air Lines (DAL) announced a higher profit during the December quarter and said it anticipated “margin expansion” during the current quarter. DAL stock rallied on the news, moving up more than 2%.

The airline said that it generated fourth-quarter adjusted earnings of $558 million. Adjusted EPS came in at 65 cents a share, topping the 63 cents expected by analysts. Revenue for the quarter was $9.08 billion, up 6% from the same period last year. That also exceeded the $9.04 billion that Wall Street was looking for, Reuters notes.

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Delta indicated that passenger revenue jumped 18.5% in Latin America during the fourth-quarter. U.S. passenger revenue climbed 9% during the period, compared to passenger revenue growth of just 1.9% in Europe. Passenger revenue in the Pacific region sank 1.6% during the quarter.

For the first quarter, DAL predicted an operating margin of between 6% and 8%.

DAL stock has gained more than 120% over the past twelve months on rising passenger traffic and falling fuel costs. DAL stock now trades over $31 a share.

Article printed from InvestorPlace Media, http://investorplace.com/2014/01/dal-stock-holiday-travel-helps-delta-earnings-beat/.

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