Delta Air Lines, Inc. Q3 Earnings: Solid Results Despite Big Challenges
Three months ago, Delta Air Lines (NYSE: DAL) reported strong earnings growth for the second quarter and projected that earnings would continue to rise in the third and fourth quarters.
However, Delta announced on Wednesday morning that adjusted earnings per share fell by 7.6% in the third quarter. A combination of rising fuel prices, ongoing softness in fares for last-minute bookings, and flight cancellations due to major hurricanes caused the company to fall well short of its original forecast. Nevertheless, Delta is quickly getting back on track. As a result, management expects a return to strong earnings growth in 2018.
While Delta faced significant revenue and cost headwinds last quarter, it still managed to earn a $1.72 billion adjusted pretax profit. That's a huge sum by airline standards. Here are some of Delta's other key performance metrics for the third quarter:
Source: Fool.com
Delta Air Lines Inc. Aktie
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