Canadian Manufacturing

Strong 2Q at Delta, but spiraling fuel costs ping outlook

by The Associated Press   

Canadian Manufacturing
Manufacturing Aerospace Transportation

Profit expectations trend up, yet Delta curbs its outlook this year, citing fuel costs

ATLANTA – Delta is topping most profit expectations for the second-quarter, but it’s slashing its outlook for the year, citing a $2 billion spike in fuel costs.

The Atlanta carrier on Thursday reported net income of $1.02 billion, or $1.47 per share. Adjusted per-share earnings were $1.77, which, according to a survey by Zacks Investment Research, is a nickel better than Wall Street expected.

That’s still down from last year and again, the company cited soaring fuel costs.

Revenue of $11.78 billion also beat projections.


Delta Air Lines Inc. expects full-year earnings of $5.35 to $5.70 per share, down from earlier per-share forecasts of $6.35 to $6.70.



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