trending Market Intelligence /marketintelligence/en/news-insights/trending/RZvlM_nP7EzkL-9qvqjRSA2 content esgSubNav
In This List

Delta Air Lines Q4 profit falls YOY

The Cobalt Expansion Drive Is A Copper Story


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


Street Talk | Episode 105: Banks could see opportunity in fintech's cleansing fire


The Climate Vulnerability Assessment by APRA: Helping Financial Institutions Address Challenges

Delta Air Lines Q4 profit falls YOY

Delta Air Lines Inc. said its normalized net income for the fourth quarter was 80 cents per share, compared with the S&P Capital IQ consensus estimate of 82 cents per share.

EPS declined 33.1% year over year from $1.19.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $588.1 million, a decrease of 37.2% from $936.9 million in the year-earlier period.

The normalized profit margin fell to 6.2% from 9.9% in the year-earlier period.

Total revenue came to $9.46 billion, compared with $9.50 billion in the year-earlier period, and total operating expenses rose 7.8% year over year to $8.45 billion from $7.84 billion.

Reported net income fell 36.6% year over year to $622.4 million, or 84 cents per share, from $982.5 million, or $1.25 per share.

For the year, the company's normalized net income totaled $5.12 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $5.32.

EPS rose from $4.60 in the prior year.

Normalized net income was $3.87 billion, a gain from $3.70 billion in the prior year.

Full-year total revenue decreased year over year to $39.64 billion from $40.70 billion, and total operating expenses declined on an annual basis to $33.14 billion from $34.17 billion.

The company said reported net income declined year over year to $4.37 billion, or $5.79 per share, in the full year, from $4.53 billion, or $5.63 per share.