Delta Air Lines Inc. Earnings Cheat Sheet: Increase in Profit Year Over Year

Delta Air Lines Inc. (NYSE:DAL) reported its results for the third quarter. Delta Air Lines operates as an airline, providing scheduled air transportation for passengers and cargo throughout the United States and around the world.

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Delta Air Lines Earnings Cheat Sheet for the Third Quarter

Results: Net income for Delta Air Lines Inc. rose to $549 million (65 cents per share) vs. $363 million (43 cents per share) in the same quarter a year earlier. This marks a rise of 51.2% from the year earlier quarter.

Revenue: Rose 9.7% to $9.82 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: DAL reported adjusted net income of 91 cents per share. By that measure, the company fell in line with the mean estimate of 91 cents per share. Analysts were expecting revenue of $9.73 billion.

Quoting Management: “We are successfully adapting Delta to the challenging economic environment by producing a solidly profitable quarter in the face of $1 billion of fuel price pressure,” said Richard Anderson, Delta’s chief executive officer. “Delta people worldwide are committed to building a leading global airline. We are pleased to recognize their contributions with $167 million this quarter for our profit sharing program and we appreciate their hard work.”

Key Stats:

Revenue has risen the past four quarters. Revenue increased 12.1% to $9.15 billion in the second quarter. The figure rose 13.1% in the first quarter from the year earlier and climbed 14.5% in the fourth quarter of the last fiscal year from the year-ago quarter.

The company fell in line with estimates last quarter after missing forecasts in the previous quarter with net income of 43 cents versus a mean estimate of net income of 44 cents per share.

Looking Forward: Over the past ninety days, the average estimate for the fourth quarter has fallen from 24 cents per share to 13 cents, indicating that analysts are growing pessisimistic about the company’s performance next quarter. For the fiscal year, the average estimate has moved up from 90 cents a share to $1.10 over the last sixty days.

Competitors to Watch: AMR Corporation (NYSE:AMR), United Continental Hldgs., Inc. (NYSE:UAL), Alaska Air Group, Inc. (NYSE:ALK), US Airways Group, Inc. (NYSE:LCC), Southwest Airlines Co. (NYSE:LUV), JetBlue Airways Corp. (NASDAQ:JBLU), AirTran Holdings, Inc. (NYSE:AAI), Hawaiian Holdings, Inc. (NASDAQ:HA), SkyWest, Inc. (NASDAQ:SKYW), and Air France – KLM (AFLYY).

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(Source: Xignite Financials)