logo
  Join        Login             Stock Quote

Delta Air Lines (DAL) Q4 Earnings Match Estimates, Unit Revenue Up

 January 22, 2013 08:01 AM
 


(By Balachander) Delta Air Lines Inc. (NYSE: DAL) posted quarterly profit, matching market expectations, and the airliner projects a 4 percent to 6 percent growth in unit revenue for the first quarter.

Non-GAAP earnings per share were 28 cents. GAAP net income was $7 million or $0.01 per share, compared with $425 million or $0.50 per share in the comparable period of last year.

The airliner recorded charges totaling $231 million in the fourth quarter versus a $46 million gain in the year-ago period, which recorded $164 million mark to market gain primarily for open fuel hedges settling in future periods.

[Related -Delta Air Lines, Inc. (NYSE: DAL): Can Airlines Continue Capacity Cuts To Improve Yields?]

"Delta's results this quarter are remarkable in light of the $100 million negative impact Superstorm Sandy had on our airline and refinery operations," said CFO Paul Jacobson. "We have generated $4 billion in free cash flow over the past three years, and we expect to build on that momentum in 2013 with the additional benefits of further debt reduction and $1 billion of structural cost initiatives."

Total operating revenue rose 2 percent to $8.60 billion versus consensus estimate of $8.59 billion. Delta's unit revenue increased 4.3 percent for the quarter.

Total operating expense increased 8 percent due to rise in fuel costs and wages, the company noted.

For the three months ended December, load factor rose to 83.3 percent, with traffic up 0.7 percent on a 1.3 percent decrease in capacity.

[Related -Why I'm Eyeing Airline Stocks]

The stock, which has been trading in the 52-week range of $8.42 to $14.11, ended at $13.61 on Friday.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageInitial Jobless Claims Rose Unexpectedly

Claims unexpectedly rose in the latest report through last weekend to breach 300,000 for the first time read on...

article imageAll Quiet on the Record High Front

What can we glean from the media’s lack of attention to the market’s recent record read on...

article imageThe Chip Maker Short Sellers Should Be Watching

Investing in semiconductor stocks is always tricky. Industry cycles can lead to bumps in the road for the read on...

article imageChicago Fed: US Economic Growth Slowed In October

The pace of US growth slowed more than expected in October, according to this morning’s update of the read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

Jobs Growth Tepid At Best
More Articles on: Transportation



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.