logo
Plus   Neg
Share
Email

Delta Air Lines Backs FY20 EPS Outlook - Quick Facts

While reporting financial results for the fourth quarter on Wednesday, Delta Air Lines (DAL) maintained its earnings guidance for the full-year 2020 and provided revenue growth outlook for the first quarter of fiscal 2020.

For fiscal 2020, the company continues to project earnings in a range of $6.75 to $7.75 per share. On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.21 per share for the year. Analysts' estimates typically exclude special items.

The company also provided 5 to 7 percent revenue growth guidance for the first quarter of fiscal 2020, while the Street expects revenues to grow 6.5 percent to $11.09 billion for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla said it will produce ventilators at its Gigafactory in Buffalo, New York to support the city's hospitals amid the coronavirus pandemic. New York is the worst affected state in the U.S. Last Saturday, Musk tweeted that he "had a long engineering discussion with Medtronic about state-of-the-art ventilators. Luxury fashion house Ralph Lauren will donate $10 million to help fight the coronavirus pandemic and manufacture face masks as well as medical gowns in the U.S. The company's charity arm, the Ralph Lauren Corporate Foundation, said in a statement that it is committing $10 million towards the global response to the COVID-19 pandemic. General Motors Co. is delaying work on new vehicle models and is cutting pay for its executives as part of efforts to conserve cash amid the coronavirus or Covid-19 pandemic. The automotive giant also extended the shutdown of North American plants indefinitely. Multiple reports cited an internal memo that salaried workforce will have 20 percent of pay deferred starting April 1.
Follow RTT
>