logo
  

Delta Air Lines Sees Q3 Adj. Revenue At Lower End Of Prior Guidance - Quick Facts

Delta Air Lines, Inc. (DAL) said its third-quarter total adjusted revenue, excluding third-party refinery sales, is now projected to be at the lower end of the prior guidance range as the recent rise in COVID cases is suppressing demand. Non-fuel unit cost is now expected to increase approximately 15 percent from 2019, which is 2.5 points above the midpoint of prior guidance. The company expects to report an adjusted pretax profit in the third quarter.

Delta Air Lines is moderating capacity for the December quarter by 3 to 5 points versus 2019 relative to prior plans.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Shares of Deutsche Telekom AG were gaining more than 1 percent in the morning trading in Germany after the telecom major on Thursday raised its fiscal 2022 earnings outlook again, despite reporting lower profit in its second quarter. Adjusted EBITDA AL, a key earnings metric, increased, while adjusted EBITDA AL margin dropped. Lyons Magnus LLC has expanded its initial recall of nutritional and beverage products to include additional brands and code dates, the U.S. Food and Drug Administration announced. The products were recalled due to the potential for microbial contamination, including from the organisms Cronobacter sakazakii and Clostridium botulinum. Tesla Inc. founder and CEO Elon Musk has sold some of his stake in the luxury electric car maker to avoid an emergency sale of its stock in the event of a forceful Twitter deal. Twitter Inc. and Tesla shares were gaining more than 4 percent in the pre-market activity on the NYSE and Nasdaq, respectively, following the news.
Follow RTT