Delta Air Lines falls after Q3 revenue misses estimates

Data Applications Co

13/10/2021 12:44

** Shares of Delta Air Lines  DAL.N  down ~1% at $43.10
premarket 
    ** DAL posts an adjusted operating revenue of $8.28 bln,
missing Refinitiv IBES estimates of $8.40 bln, as oil prices
surge, threatening the pace of a recovery in the airline
industry  urn:newsml:reuters.com:*:nL4N2R91OJ
    ** Q3 profit per share of $1.89 down from $2.31 per share in
2019
    ** DAL, however, expects to benefit from strong holiday
demand as the U.S. reopens its borders in November 
    ** 11 of 21 brokerages rate the stock "buy" or higher, 10
"hold"; their median PT is $55 - Refinitiv data
    ** Up to Tuesday's close, stock up ~8% YTD 

 (Reporting by Nathan Gomes in Bengaluru)
 ((Nathan.Gomes@thomsonreuters.com;))