DAL Stock – Holiday Travel Helps Delta to an Earnings Beat

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

   

DAL Stock – Holiday Travel Helps Delta to an Earnings Beat

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.

DeltaPromo DAL Stock   Holiday Travel Helps Delta to an Earnings Beat
Lucky Customers Get Dirt-Cheap Delta Airfare Due to System Glitch

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/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.