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Non-Tech : American Airlines Group, Inc.
AAL 28.22+1.0%Oct 18 12:00 AM EDT

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From: Sam1/3/2019 9:39:53 AM
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Delta's stock drops after providing Q4 guidance, December operating metrics
MARKETWATCH 9:38 AM ET 1/3/2019

Symbol Last Price Change
46.87 -3.22 (-6.43%)
QUOTES AS OF 09:38:39 AM ET 01/03/2019

Shares of Delta Air Lines Inc.(DAL) dropped 5.5% in morning trade, after the air carrier reported December metrics and provided a fourth-quarter profit outlook. The company said it expects adjusted earnings per share of $1.25 to $1.30, compared with a previous EPS guidance range of $1.10 to $1.30 and the FactSet consensus of $1.28. Delta also revised its guidance for pre-tax margin to 10% to 11% from 9% to 11% and its outlook for costs per available seat mile to down about 0.5% from flat to down about 1%. Fuel price per gallon is expected to be $2.38 to $2.43, down from previous guidance of $2.47 to $2.52. For December, load factor was flat at 84.2%, as traffic rose 5.4% to 17.63 billion revenue passenger miles and capacity increased 5.4% to 20.94 billion available seat miles. The stock has shed 12.8% over the past three months, while the Dow Jones Transportation Average has tumbled 20,0% and the Dow Jones Industrial Average has lost 14.3%.

-Tomi Kilgore; 415-439-6400;

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