Earnings Updates | Q3 2024

October 16, 2024by toleg.work
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The corporate reporting period has is going.

Last week, 8 companies from the S&P 500 index reported.

Today, we are going to analyze the results of Delta Air Lines. Its revenue amounted to $15.6B. It grew by +2.5% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +7.0%. Let’s analyze the company’s business in more detail.

Delta Air Lines is the world’s largest airline with a network of over 300 destinations in more than 50 countries. Delta operates on the hub-and-spoke principle, where it collects and distributes passengers around the world through its largest hubs in Atlanta, New York, Salt Lake City, and Detroit.

The company’s revenues increased by +1.2% year-on-year, but decreased by -6.4% quarter-on-quarter. The company has successfully weathered the holiday season and is now focusing on developing its premium segment, which accounts for 57% of revenue and grew by +6% quarter-on-quarter.

87% of the revenue structure is made up of production costs, and 13% is gross profit. For the last quarter, the company earned a profit of $1.2B. And its market capitalization is $33B.

After the publication of the report, Delta Air Lines shares rose by +2.0% to reach $51 per share. Market participants were pleased with the financial results and responded positively to the company’s development prospects.

*surprise – % ratio between actual and expected revenue
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter

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