Delta reports third-quarter results before the market opens next Thursday, with analysts expecting revenue to rise slightly year-over-year but profit to tick lower.
It will be Delta’s first quarterly report since July’s worldwide IT outage caused by a CrowdStrike software update forced the carrier to cancel thousands of flights, costing it an estimated $500 million.
Last quarter, Delta posted record revenue, but net income missed expectations and its shares fell.
Delta Air Lines (DAL) reports third-quarter results before the bell next Thursday, Oct. 10, its first report since July’s worldwide IT outage caused by a CrowdStrike (CRWD) software update forced the carrier to cancel thousands of flights, costing it an estimated $500 million.
Analysts expect a slight year-over-year gain in revenue to $15.69 billion, with net income projected to tick lower to $1.10 billion, according to analysts’ consensus estimates compiled by Visible Alpha.
All 10 analysts covering Delta tracked by Visible Alpha have a “buy” or equivalent rating on the airline’s stock, with an average target price of $61.40, about 30% above Thursday afternoon’s share price of $47.38.
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