Delta Air Lines Posts Profit Beat, but Revenue Misses Estimates
Delta Air Lines reported better-than-expected profit for its third quarter, but revenue misses Wall Street's forecasts.
Delta Air Lines (DAL) - Get Report reported better-than-expected profit for its third quarter, but revenue missed Wall Street's forecasts. The airline posted adjusted earnings of $1.70 a share, beating estimates of $1.65 a share. Net income of $1.26 billion fell 4.4% year-over-year, thanks in part to technology glitches which cancelled thousands of flights in August. Revenue slipped 5.6% year-over-year to $10.48 billion, while analysts were expecting $10.53 billion. TheStreet's Scott Gamm reports from Wall Street.
