The American airline Delta Air Lines raises its forecast for earnings per share for the current full year to the range of $6.75-$7.25, from the previous range of $6.00-$7.00.
This is evident from the half-year report. The average expectation for the report was $6.97, according to Bloomberg News.
According to Delta, third-quarter earnings per share are expected to be in the range of $2.10-$2.40, compared to an average estimate of $2.18.
”Our third quarter has started strong with a new single-day revenue record on July 7. We now expect revenue growth of 6-7 percent for the full year,” said Chairman Glen Hauenstein in a comment.
Higher ticket prices and more crowded planes contributed to the increase as the flight ban on Boeing 737 Max 8 planes benefited the company, which does not have any such planes in its fleet.
In the third quarter, revenue growth is forecast to be 6-8 percent. In the second quarter, revenue increased by almost 9 percent and adjusted earnings per share were $2.35. The company has previously provided a preliminary assessment of an outcome of $2.25-2.35 for the past quarter.
The half-year report also shows that Delta is increasing its quarterly dividend by 15 percent.
Delta shares are up just over 2 percent in Thursday's US pre-trade.
Source: news agency direct-TT
