The corporate reporting period has is going.
Last week, 2 companies from the S&P 500 index reported.
Today, we are going to analyze the results of Delta Air Lines. Its revenue amounted to $16.6B. It did not grow compared to the corresponding value for the previous quarter, but exceeded analysts’ expectations by +9.6%. 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 revenue remained at the level of the corresponding quarter of the previous year, but increased by +61%. The company is constantly growing its premium transportation segment, which grew by +5%. The international segment also performed well during the peak summer period, with international revenue up 2% quarter-on-quarter.
82% of the revenue structure is made up of manufacturing costs and 18% is gross profit. For the last quarter, the company earned a profit of $2.1B. And its market capitalization is $41B.
After the publication of the report, Delta Air Lines shares rose by +11.9% to reach $56 per share. Market participants were pleased with the financial results and responded positively to the company’s development prospects.
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
