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Delta Airlines Stock Faces New Pressure After Major Outlook Reset
GuruFocus ·
GuruFocus reports: Delta Air Lines (DAL) shares fell about 5% in premarket trading Friday after the carrier missed September-quarter expectations and cut its full-year profit outlook as sharply higher fuel costs squeezed margins. The airline reported adjusted earnings of $1.72 per share , while operating margin fell to 9.4% from 11.1% a year earlier. Delta now expects full-year adjusted earnings of $5.10 to $5.60 per share , down from its previous forecast of $6.50 to $7.50. That is a…