Delta Air Lines Stock Rises as Revenue, Adjusted Earnings Top Estimates | Global News Avenue

Delta Air Lines stock (DarShares rose on Friday after the airline reported fourth-quarter fiscal 2024 revenue and adjusted earnings that beat analysts’ expectations.

The airline reported a December quarter profit of $843 million, or $1.29 a share, on revenue of $15.56 billion. Analysts surveyed by Visible Alpha expected net income $1.15 billion, or $1.78 per share, on revenue of $14.89 billion.

On an adjusted basis, Earnings per share (EPS) The $1.85 was higher than analysts’ expectations of $1.76.

Delta Air Lines expects fiscal 2025 earnings per share to increase more than 10% year-over-year to more than $7.35, “excluding the impact of 45 cents.” mass strike-Resulting in service outages in the September quarter. “For the current quarter, revenue is expected to grow 7% to 9%, with earnings per share of $0.70 to $1.00.

The stock rose 4.5% in pre-market trading immediately following the report. Their shares are up about 50% over the past year, more than double American Airlines’ percentage gain (Asian Airlines Association) stock, but lagged United Airlines’ roughly 135% gain (University of London College of Art) shares.

Quality products keep growing

Ed Bastian, Delta CEO “Our differentiated strategy and best-in-class operations, coupled with the strength of demand and an increasingly constructive industry backdrop, position us to deliver the best financial year in Delta’s 100-year history.”

in its November Investor DayDelta Air Lines said growing demand for travel across generations gives it confidence that revenue from its premium seating products will continue to grow. The airline said premium revenue growth in the fourth quarter was “6 percentage points higher than in economy class.”

Earlier this week, Delta Air Lines and Uber Technologies (Uber) announced new partnerships Starting this spring, members of the airline’s frequent flyer program can earn SkyMiles on Uber rides to and from the airport. Uber is replacing Competitor Lyft (Laifu), has been a Delta Air Lines rideshare partner since 2017.

Also this week, Delta Air Lines announced a partnership with Alphabet’s (Google) Youtube This will allow SkyMiles members to watch and listen to ad-free content on their flights.