Delta Air Lines, 2beats quarterly earnings expectations... annual guidance reaffirmed
Delta Air Lines said 7month 9day 2its quarterly earnings beat market expectations. The company also reaffirmed its annual guidance on the same day, but said higher jet fuel prices are weighing on profitability.
Delta Air Lines said 7month 9day 2its quarterly earnings exceeded market expectations. The company reaffirmed its annual guidance on the same day.
In its quarterly earnings release, Delta Air Lines said higher jet fuel prices are having a negative impact on profitability. The company said the burden of fuel costs was reflected in its quarterly cost structure.
The company statement specified that annual guidance will be maintained. For specific figures and item-by-item outlooks, please refer to the quarterly report filed by the company.
Delta Air Lines explained its quarterly results based on seasonal demand and route operations. Detailed figures on flight operations and demand are also included in the company materials.
The company said investors and stakeholders should keep an eye on fuel cost trends and the company’s cost management measures. In its quarterly results materials, the company mentioned fuel-related expenses several times.
The continuation of future quarterly results and annual guidance will depend on fuel cost trends and demand. The information presented by the company is based on its official disclosures and quarterly reports.
Sources: Yahoo Finance
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