Why Delta Air Lines Shares Are Rising Today
Portfolio Pulse from Akanksha Bakshi
Delta Air Lines Inc (NYSE:DAL) shares rose over 4% following the release of its Q2 results, which exceeded analyst expectations. The company reported a 19% YoY growth in adjusted operating revenue to $14.61 billion, beating the consensus of $14.46 billion. Adjusted EPS was $2.68, above the consensus of $2.39. Total passenger revenue increased 21% YoY to $13.21 billion, while cargo revenue decreased 37% YoY to $172 million. The company expects total revenue to be similar to the June quarter, up 11% to 14% compared to the September quarter 2022.
July 13, 2023 | 12:18 pm
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Delta Air Lines reported strong Q2 results, beating analyst expectations, which led to a rise in its share price. The company's outlook for the next quarter is also positive, indicating potential continued growth.
Delta's strong Q2 results and positive outlook for the next quarter are likely to boost investor confidence and could lead to a continued rise in its share price. The company's performance exceeded analyst expectations, which is typically a positive signal for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100