Delta Air Lines reports $1.56 adjusted EPS on $20B revenue, exceeding forecasts despite rising oil prices.
Delta Air Lines (DAL) posted a 19% revenue increase to nearly $20B in its latest quarter, surpassing expectations by nearly $1B. Adjusted earnings reached $1.56 per share, beating the $1.50 estimate despite higher fuel costs pressuring the sector.
The airline sector faced headwinds as oil prices spiked, dragging shares lower. Delta’s results contrasted with broader market weakness, driven by strong travel demand and higher fares. The company expects full-year earnings of $6.50-$7.50 per share and free cash flow of $3B-$4B.
Shares initially rose post-earnings but turned defensive as fuel costs weighed on sentiment. The sector remains sensitive to oil price fluctuations, though Delta’s guidance assumes lower fuel costs ahead.