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☆ Delta was forgiven for the quarter because of one-off issues, says Jim Cramer
▼ + stars: | 2024-10-17 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

'Mad Money' host Jim Cramer looks at Delta Airlines earnings. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

Persons: Jim Cramer Organizations: Delta Airlines

☆ Delta unveiled a fresh cabin design as it modernizes aging planes amid further delays to new Boeing jets
▼ + stars: | 2024-10-16 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Delta Air Lines is set to update the cabins of its Boeing 757 and Airbus A350 jets. The 757s being updated are at least 20 years old as Delta waits on delayed new 737 jets. Courtesy of Delta Air LinesThe Max 10 is the largest version of Boeing's newest narrowbody jet, but is yet to be certified amid a difficult period for the embattled planemaker. Courtesy of Delta Air LinesIt will feature a "warmer and more modern color palette" that includes a red accent stripe and the airline's logo on seat tags, Delta said. Courtesy of Delta Air LinesIn Delta One, the airline's business class, the fabric seats are made from a lighter material that should help regulate a passenger's temperature.

Persons: —, It's, Delta, Max, Guy Organizations: Delta Air Lines, Boeing, Airbus, Service, Air Lines, Delta Air Locations: New, Delta

☆ Companies are talking about how Election Day will impact them, from slowing beer sales to people flying less
▼ + stars: | 2024-10-16 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

Earnings season is offering insight into how the US presidential election may impact big companies. So far, companies are commenting on how Election Day itself could sway their financial results. Delta expects a hit to revenue as fewer people travel around Election DayPeople will likely hold off on other kinds of spending around Election Day. Delta saw something similar happen after the 2016 election, Hauenstein said at the time. AdvertisementCompanies are issuing debt ahead of Election Day, according to CitigroupInvestment banking fees rose 44% during Citigroup's third quarter, CEO Jane Fraser said.

Persons: —, Kamala Harris, Donald Trump, they're, William Newlands, Newlands, Glen Hauenstein, Hauenstein, Delta, Jane Fraser, Fraser, Goldman Sachs, Harris, Trump Organizations: Citigroup, Delta, Service, Constellation Brands, Corona, Modelo, Constellation, Air Lines, Citigroup Investment, Bank of America

☆ United Airlines takes a shot at Delta's IT meltdown: 'Healthy businesses don't make excuses'
▼ + stars: | 2024-10-16 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +3 min

United Airlines did not mention the cost of July's CrowdStrike IT outage in its earnings report. United executives took a subtle jab at Delta by highlighting their "no excuses" philosophy. "Healthy businesses don't make excuses about CrowdStrike, don't make excuses about weather," CFO Mike Leskinen said on the company's Wednesday earnings call. 'No excuses' is at the core of United's philosophyCEO Scott Kirby said United's "no excuses" ideology stems from his days as a cadet at the United States Air Force Academy. Related stories"The best thing I learned was 'no excuses, ma'am, no excuses, sir,'" Kirby said on the call.

Persons: —, Mike Leskinen, It's, United's, Scott Kirby, Kirby, United Organizations: Airlines, United, Service, United Airlines, Delta Air Lines, United States Air Force Academy Locations: Crowdstrike, Texas, New York

If you travel and you haven't looked at your credit card's transfer partners, you might be missing out. There is no right or wrong way to use points and miles you've earned when you use a credit card, and the options are plentiful. Rewards credit cards allow you to earn points or miles on every purchase rather than giving you cash back immediately. Strategically using credit cards this way is a great way to capitalize on your spending, especially if you love to travel like our family does. My favorite credit cards are the most flexible onesWhile debating what type of credit card to open and use to earn points can be daunting, our family loves using credit cards that give you the most flexibility in redeeming those points.

Persons: haven't, —, you've, I've, Paul into, Paul Organizations: Service, Delta, Venture, Sapphire, Express, Virgin Atlantic, Virgin, KLM Locations: Europe, Minneapolis, St, Paul into Rome, Barcelona

You can check your first bag free on Delta flights, saving up to $70 on a round-trip Delta flight per person. The exceptions are flights to South America, as well as transatlantic and transpacific flights, which allow a carry-on bag. Spirit AirlinesFees for checked and carry-on baggageSpirit charges varying fees for checked bags and carry-on bags. Opt for a carry-on bag whenever possible, as most airlines allow at least one free carry-on bag. Oversized bags: Fees for oversized bags depend on the bag's dimensions.

Persons: aren't, Doesn't, stow, Miles, it's, Harlan Vaughn Harlan Vaughn, he’s, Harlan, Read Organizations: Business Insider, Citi, Mastercard, JetBlue, Alaska Airlines, U.S . Airlines, American Airlines, U.S, U.S ., Airlines, Delta Airlines, United, New Zealand, Delta, Express Card, U.S . Supermarkets, PayPal, United Airlines, United ®, United Club, ℠, FDIC, Southwest Airlines, Southwest ®, Rapid, Southwest, Rapid Rewards, JetBlue Plus, Card, Alaska, Spirit Airlines, Chase, American Express, Frontier Airlines, Frontier, American, Citi ® Locations: Puerto Rico, U.S, U.S . Virgin, Canada, Caribbean, Mexico, Central America, Guyana, Cuba, North America, South America, China, Japan, South Korea, Hong Kong, India, New Zealand, Europe, Israel, Qatar, Australia, Suriname, Panama, San Pedro Sula, Honduras, San Salvador, El, North, South, North Africa, South Africa, Emirates, New, Brazil, East, Africa, Asia, Central, delta.com, Delta, California , Idaho , Oregon, Washington, Dallas , Texas

☆ Delta unveils sleek new cabin design
▼ + stars: | 2024-10-15 | by ( Marnie Hunter | ) edition.cnn.com time to read: +2 min

CNN —Delta Air Lines is debuting a new look this fall, with sleek new cabin interiors on its narrowbody Boeing 757 aircraft that will eventually be applied across the carrier’s fleet. While the interiors are getting a full refresh, there will be “no change to seating configuration, size or space between seats,” a Delta spokesperson said in response to a question about those facets of cabin design. Courtesy DeltaMemory foam cushions are part of the offering in Delta Premium Select and First Class as well as in economy seats on widebody aircraft. Main cabin seats feature engineered leather with red accents. When it’s time to wake up, the cabin slowly brightens into morning and daylight.”Every aircraft in the fleet will eventually feature the new cabin design, Delta said.

Persons: ”, Mauricio Parise, we’ve, Delta, “ Organizations: CNN, Delta Air Lines, Boeing, Airbus, Delta Locations: ”, mealtimes

Eleven people were hospitalized after eating wild and apparently toxic mushrooms on Friday night, a fire agency that serves Pennsylvania Dutch Country said. The station reported that family members foraged wild mushrooms and ate them that night. The U.S. Centers for Disease Control and Prevention says eating mushrooms foraged outdoors should almost never be done except by trained experts known as mycologists. Most of the known mushroom poisonings and deaths in the United States involve foraging of amanita phalloides mushrooms, known as "death caps," in the wild, the CDC said in a report on the toxic fungi. Eating them can cause death as well as abdominal discomfort, nausea, vomiting, diarrhea, dehydration and liver damage, the CDC said.

Persons: WGAL Organizations: Pennsylvania Dutch, NBC, Country, Cardiff Volunteer Fire Company, U.S . Centers for Disease Control, CDC Locations: Peach Bottom, Lancaster , Pennsylvania, Dutch, Philadelphia, Maryland, Delta, United States

☆ Delta pauses hot meal service on dozens of Detroit flights citing 'food safety issue' at caterer
▼ + stars: | 2024-10-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Delta Air Lines had to suspend hot meal service on more than 200 flights out of its Detroit Metropolitan Wayne County Airport hub over the past several days because of a "food safety issue." Delta said that operations from the facility were shut down and hot food will be managed by other kitchens. "During a recent inspection at a DTW kitchen, Delta's catering partner was notified of a food safety issue within the facility," Delta said in a statement on Sunday. "Delta and its catering partner immediately shut down hot food production and subsequently suspended all activity from the facility. Hot food and other onboard provisioning will be managed from other facilities."

Persons: Delta, didn't Organizations: Delta Air Lines, Tacoma International Airport, Seattle , Washington . Delta Air Lines, Detroit Metropolitan Wayne, Detroit Metropolitan Wayne County Airport, Drug Administration, Delta, Amsterdam Delta Locations: Seattle, Seattle , Washington, Detroit Metropolitan Wayne County, Detroit, Amsterdam, New York

☆ Why another delay of Boeing's new 777X plane is such a big deal
▼ + stars: | 2024-10-14 | by ( Taylor Rains | ) www.businessinsider.com time to read: +8 min

Boeing's 777X, its largest passenger plane, is delayed yet again. AdvertisementBoeing's future is dependent on the upcoming 777X, the world's largest passenger plane in production, which has been delayed once again. Boeing's last completely new widebody plane was the 787 way back in 2003. Qatar and Etihad have ordered 94 and 25 777-9s, respectively, for a collective 324 777X planes across the three airlines. The Boeing 777X's 10-abreast cabin mockup on display at Aircraft Interiors Expo in 2022.

Persons: —, planemaker, Kelly Ortberg, it's, Thiago B Trevisan, Julien de Rosa, ROSLAN RAHMAN, Max —, Max, Georg Wendt, Tim Clark, isn't, Clark, Richard Aboulafia, Aboulafia Organizations: Service, Boeing, British Airways, Emirates, Singapore Airlines, Airbus, Korean Air, Delta Air Lines, Lufthansa, Air New Zealand, Getty, Aviation, Etihad Airways, Etihad, Aircraft, Airlines Locations: Qatar, Emirates, Korean, AFP

☆ For God, for country, for rain
▼ + stars: | 2024-10-14 | by ( Jessica Lucas | ) www.businessinsider.com time to read: +24 min

It's 9:30 a.m., and Augustus Doricko, the mulleted 24-year-old founder of the cloud-seeding company Rainmaker, is clutching a coffee. There's a long way to go before cloud seeding becomes a viable option for solving one of humanity's many self-made crises. El Segundo, population 17,272, has long been a bastion of American engineering, home to aerospace and defense giants like Boeing and Raytheon. Jett Lara for BIThe burning happens every Friday around 8 p.m. at a bonfire on El Segundo Beach. One of Doricko's goals is to build a church in El Segundo to "share the grace of God with other people."

Persons: Augustus Doricko, Bruno Mars, Doricko, Jessica, I'd, Jesus, He'd, that's, Rainmaker, Lauren Sánchez, Jett Lara, Billy Ray Cyrus, God, Augustus Doricko Doricko's, Cameron Schiller, Augustus, Schiller, El, That's, it's, El Segundo, Elon Musk, Isaiah Taylor, Doricko's, Taylor, Rob Coutts, —, Jesus of Nazareth, Zer, he'd, Jason Flynt, Flynt, Terra, Michael Gibson, Sarah Tessendorf's, messaged Gibson, Michael, Gibson, Thiel, Peter Thiel, I'm, Katja Friedrich, Friedrich, Friedrich isn't, Jonathan Jennings, Kaitlyn Suski, dumbbells, Jackson Schultz, Elijah, birdsong, Schultz, We're, coffees, Mankind Organizations: MGM, Association, Aspen Ideas, Global Initiative, BI, El, Boeing, Raytheon, Space Industries, Chevrolet, Stamford Yacht Club, New Zealand, University of California, BI Doricko, drillers, Terra Seco, Thiel Foundation, Terra, tech's, Weather Locations: Vegas, Tennessee, El Segundo, Los Angeles, America, Silicon, Santa Clarita, Rainmaker, Beijing, Colorado, California, Smoky, El Segundo Beach, North Carolina, Texas, Stamford , Connecticut, New, Costa, Berkeley, Christianity, Fort Worth , Texas, Terra Seco, drawdowns, Lake Mead, Las Vegas, Phoenix, Juul, Fresno, San Jose, Dubai, UAE, Midwest, West Texas, New Mexico , Arizona , Nevada, Amsterdam, Milan

☆ Earnings playbook: The first big week of the season includes reports from Netflix and big banks
▼ + stars: | 2024-10-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

Last quarter: Bank of America jumped after saying a rebound in net interest income was coming . What history shows: Bank of America shares have risen in 10 of the last 12 earnings days, according to Bespoke Investment Group. What history shows: Netflix tends to struggle on earnings days, averaging a slight decline, according to Bespoke. Shares have also fallen in two of the last three earnings days, including a 9.1% drop in April. What history shows: Bespoke data shows Procter & Gamble beats earnings expectations 85% of the time.

Persons: Goldman Sachs, Wells, Hugh Son, Goldman, Leslie Josephs, Wednesday Morgan Stanley, Morgan Stanley, Bryan Kraft, Kraft, Procter & Gamble, Procter, Lauren Lieberman Organizations: Netflix, Procter, Gamble, Big, Bank of America, JPMorgan Chase, BlackRock, Tuesday Bank of America, CNBC, Investment, LSEG, JPMorgan, United Airlines, U.S, Delta, Wednesday, Deutsche Bank, Procter &, Barclays Locations: Wells Fargo, U.S, China

☆ 11 people hospitalized in Pennsylvania after eating ‘toxic mushrooms’
▼ + stars: | 2024-10-12 | by ( Jordan D. Brown | Nic F. Anderson | ) edition.cnn.com time to read: +2 min

CNN —Eleven members of an Amish family – including a 1-year-old – were hospitalized in Pennsylvania Friday night after ingesting wild, “toxic mushrooms,” local authorities said. “It was wild mushrooms, but the hospital would have to confirm the type,” Southern York County emergency medical services Chief Laura Taylor told CNN. The fire department and EMS units went to the family Friday night after being told the 11 had “ingested toxic mushrooms and were all ill,” the fire department said in a post on Facebook. The family was transported to WellSpan York Hospital, Taylor told CNN. The Pennsylvania State Police and York County Sheriff’s Office did not immediately respond for comment.

Persons: –, “, ”, Gregory Fantom, Fantom, Laura Taylor, Taylor Organizations: CNN, Delta, Cardiff Volunteer Fire Company, Facebook, York, WHP, Pennsylvania State Police, National Library of Medicine Locations: Pennsylvania, York, Maryland, Harrisburg, United States

☆ 31-year-old made $27,000 this year from her LinkedIn side hustle—it helps pay her mortgage
▼ + stars: | 2024-10-12 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

Jayde Powell started her social media career over a decade ago, working for wellness brands and big name companies like Delta Airlines. The money she earns from LinkedIn helps her pay her mortgage and utilities bills, and offset monthly business expenses, while she grows her own company, she says. Powell has made $32,700 through The Em Dash Co. and another $2,750 from other social media content so far this year. "There have been times where I haven't been able to pull in new client work [at the Em Dash Co.]." Here's how Powell developed her voice on social media and leveraged it into a lucrative LinkedIn side hustle.

Persons: Jayde Powell, Powell, Powell —, —, It's Organizations: Delta Airlines, LinkedIn, Twitter, CNBC, Em Locations: America, Atlanta, U.S

☆ Airlines are building 'business-class-lite' to generate more revenue and increase demand for the luxe seats
▼ + stars: | 2024-10-11 | by ( Taylor Rains | Benjamin Zhang | ) www.businessinsider.com time to read: +5 min

"Business Light" fares are cheaper but can lack perks like lounge access or early seat selection. In recent years, international airlines such as Air France, KLM, Emirates, Finnair, and Qatar Airways have launched discounted "Business Light" tickets. AdvertisementFor airlines, the business light strategy can help further stoke demand to fill the front of the plane and generate additional revenue. Those traveling on a Finnair Business Light ticket will also have to pay extra for checked luggage. AdvertisementScreenshot of Emirates' various business class fares on a one-way flight from New York to Dubai in February.

Persons: —, Glen Hauenstein, Henry Harteveldt, Harteveldt Organizations: Service, Air France, KLM, Qatar Airways, Delta Air Lines, Delta, Qatar Airways's, Emirates Locations: Delta, Emirates, Qatar, New York, Dubai

☆ I spent $2 million restoring a cruise ship I bought on Craigslist. The project took over my life, but I don't regret it.
▼ + stars: | 2024-10-11 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +10 min

In 2010, Christopher Willson bought a deteriorating historic cruise ship off of Craigslist. It looked more like a giant yacht than a cruise ship. A vintage picture of the Aurora cruise ship. A side view of the Aurora cruise ship. Inside of the Aurora cruise ship.

Persons: Christopher Willson, —, Wappen von Hamburg, wasn't, Willson, leaseholder, Aurora Organizations: Craigslist, Service, Aurora Locations: Aurora, Santa Cruz , California, Silicon Valley, Rio Vista, Germany, California, San Francisco, Port of San Francisco, Stockton , California

Learn moreThe October Prime Day event is almost over, and there are only a few hours left to get the best Amazon Prime deals. Below, we've compiled the 100+ best Prime Day deals you can get right now. Tech and gaming Prime Day dealsWhether you're an Apple aficionado looking for a good deal or a gamer yearning for a PS5, Prime Day has you covered. View at AmazonFor more highlights of Prime Day sales on Amazon products, check out our roundups of the best Prime Day Fire TV Stick deals and best Prime Day Amazon Echo deals. You can find the top sales in our guides to the best women's Prime Day clothing and shoes, men's Prime Day clothing and shoes, and Prime Day coach bags.

Persons: we've, there's, Bose, Apple, We've, it's, shams, Dyson, OmniForce, Bissell, Ashley Caitbrook, Ashley, you've, recyclables, callouts, Dyson Airwrap, ”, Gabrielle Chase, “, wardrobes, Tabby, clogs, Pullover Organizations: Business, Amazon Prime, Apple, Samsung, PlayStation, LG, Amazon, Apple AirPods, Amazon Bose, Amazon LG, Tech, Sony, Google, Slim, Air, MacBook, Amazon Apple, Amazon Samsung Galaxy Watch, Galaxy Watch, Garmin, Amazon Samsung, Galaxy, Alexa, Kindle, Casper, Pillow, Dyson, Upright, Bissell, AMD, futon, Amazon Philips, Chatelet Air, DELTA, Delta, Philips, Adidas Locations: Amazon, Keurigs

☆ Airbus monthly deliveries fall, piling pressure on annual target as production woes persist
▼ + stars: | 2024-10-10 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Airbus reported lower monthly deliveries late on Wednesday, putting its annual production target under pressure as supply chain struggles continue to plague the industry. The company said at the time it was facing "persistent specific supply chain issues mainly in engines, aerostructures and cabin equipment." For September it picked up another 235 orders, taking the annual total to 648. But production challenges and supply chain shortages across the whole aviation industry mean that manufacturers cannot get planes out as fast as they want. Airbus has a new model called the A321XLR, set to be the world's longest-range single-aisle aircraft, due to launch customer Iberia in the coming months after numerous delays.

Organizations: Airbus Locations: Seville, Andalusia, Spain, Delta

☆ Delta reports a profit despite service meltdown
▼ + stars: | 2024-10-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +2 min

That was partly offset from a $50 million fuel savings due to the grounded flights. Delta said it earned adjusted income of $971 million in the quarter, down 26% from a year earlier, on adjusted revenue of $14.6 billion in the quarter, essentially unchanged from a year ago, despite the hit to revenue from the service meltdown. But that was offset by a 3% increase in miles flown by passengers, as passengers soon returned to travel on Delta despite the service problems. And it reported a 9% drop in average fuel prices paid, the second largest cost at the airline behind labor costs. “I think you’re going to see it across consumer discretionary purchases as a whole,” “People want to find out what happens.

Persons: Hurricane Helene, ”, Bastian, ” Bastian Organizations: New, New York CNN — Delta Air Lines, CNBC Locations: New York, Hurricane, Delta

☆ Stocks making the biggest moves premarket: Delta Air Lines, CVS Health, Nike and more
▼ + stars: | 2024-10-10 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. CVS Health – Shares of the pharmacy chain added 1.9% on the back on an upgrade to overweight from equal weight by Barclays. Specifically, the investment firm noted that the brand's share of mentions as a favorite is about 35% more than its overall market share. PayPal – The payments company fell 1.7% after Bernstein downgraded the stock to market perform from outperform.

Persons: Serge Saxonov, there's, Piper Sandler, Tesla, Bernstein, —, Alex Harring, Jesse Pound, Sarah Min, Pia Singh, Michelle Fox Theobald Organizations: Delta Air Lines, CVS, Barclays, GXO Logistics, Bloomberg, Logistics, Nike –, RBC Capital Markets, American, Group, JPMorgan, PayPal Locations: Americas

☆ Delta Air Lines CEO Ed Bastian: Expect a 'temporary pause' in consumer activity around election
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelta Air Lines CEO Ed Bastian: Expect a 'temporary pause' in consumer activity around electionCNBC’s Phil LeBeau and Delta Air Lines CEO Ed Bastian join 'Squawk Box' to discuss the company's quarterly earnings results, Q4 guidance, impact of 2024 election, CrowdStrike outage, and more.

Persons: Ed Bastian, Phil LeBeau Organizations: Air, Delta Air

☆ Delta says travelers are trading scorching summer Europe trips for fall getaways
▼ + stars: | 2024-10-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A woman uses an umbrella to protect herself from the sun as she passes past the Colosseum during an intensely hot day in Rome, Italy, on July 11, 2024. Summer trips to Europe are getting too hot for thousands of tourists. Delta Air Lines President Glen Hauenstein said travelers are opting out of flying to Europe during the traditional summer peak travel season. Corporate [travel] we haven't seen much change year over year but it's continuing to shift travel to Europe in particular from July and August peak to a September and October peak." Summer this year in the Northern Hemisphere was the hottest on record, according to the European Union's climate monitor.

Persons: Glen Hauenstein, Hauenstein Organizations: Delta Air Lines Locations: Rome, Italy, Europe, Northern Hemisphere

☆ Jim Cramer looks at a buy level for this industrial AI play, says be patient on Costco
▼ + stars: | 2024-10-10 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. With third-quarter earnings starting in earnest Friday, Jim Cramer urged investors to keep their "eye on the prize." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jim, Eaton, he's, he'd, Hurricane Helene, Stocks, Jim Cramer's, DOV Organizations: CNBC, Wells, JPMorgan, Honeywell, Costco, Delta Air Lines, Nike, Pfizer, DD Locations: Dupont, Dover, U.S

☆ 3-Stock Lunch: Delta Air Lines, Advanced Micro & PNC Bank
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email3-Stock Lunch: Delta Air Lines, Advanced Micro & PNC BankWill McGough, Prime Capital Financial director of investments, joins 'Power Lunch' to discuss stock plays for three stocks.

Persons: McGough Organizations: Air Lines, Micro, PNC Bank, Prime Capital Financial

☆ Delta expects higher earnings in fourth quarter despite lower demand around the election
▼ + stars: | 2024-10-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays. The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street estimates of $1.71, according to LSEG, and above the adjusted $1.28 per share it reported a year earlier. Revenue will likely rise between 2% and 4% from a a year earlier, though the carrier warned it expects a 1-point revenue hit from lower demand before and after the Nov. 5 U.S. presidential election. The incident was a $380 million hit to revenue, Delta said. Delta said it still expects its full-year adjusted earnings to come in between $6 to $7 a share, excluding the CrowdStrike impact.

Persons: we've, Ed Bastian, Delta, Bastian, Glen Hauenstein Organizations: Delta Air Lines, Revenue, Delta, Microsoft, CNBC Locations: Atlanta

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