Delta Air Lines Posts Q3 Profit of $756 Million, Misses Analyst Estimates on Earnings and Revenue

Delta Air Lines Inc. (DAL) reported third-quarter net income of $756 million, or $1.15 per share, missing Wall Street expectations, the Atlanta-based carrier said Friday. Adjusted earnings came to $1.72 per share, below the $1.80 average estimate of seven analysts surveyed by Zacks Investment Research. Revenue was $20.19 billion, while adjusted revenue of $17.59 billion also fell short of the $17.74 billion forecast by five analysts. For the current quarter ending in December, Delta expects per-share earnings of $1.15 to $1.65. The company projects full-year earnings of $5.10 to $5.60 per share.