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Delta Air Lines Q3 setup: Revenue strength vs. EPS cuts, fuel costs
Seeking Alpha ·
Seeking Alpha reports: Delta Air Lines is set to report third-quarter results on October 9, with Wall Street expecting $1.76 non-GAAP EPS and $18.92B in revenue. The setup is mixed: revenue expectations remain firm, but earnings estimates have weakened as higher fuel costs threaten margins. That pressure was already visible in the second quarter earnings . Adjusted revenue jumped 13.9% to $17.7B, helped by a 12.4% increase in TRASM, while capacity grew only about 1%. Premium revenue climbed…