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Delta Faces a Crucial Earnings Test as Costs Pressure Margins
GuruFocus ·
GuruFocus reports: Delta Air Lines heads into its third-quarter earnings report on October 9 with investors focused less on whether travel demand remains healthy and more on whether that demand is strong enough to offset rising fuel and operating costs. Wall Street expects adjusted earnings of $1.83 per share, up from $1.71 a year earlier, on revenue of roughly $17.64 billion, up 5.8%. Delta is one of the largest U.S. airlines, generating revenue from passenger travel, premium cabins,…