Delta Air Lines Inc DAL sees FY22 revenue of $45.5 billion – $45.6 billion versus the Street view of $45.54 billion.
- It expects FY22 adjusted EPS of $3.07 – $3.12 against the consensus of $2.89.
- For Q4 FY22, Delta sees revenue growth of 7% – 8% versus the previous outlook of 5% – 9%.
- The company raised Q4 EPS guidance to $1.35 – $1.40 (consensus $1.15) from the previously expected $1.00 – $1.25.
- The airline carrier expects FY23 revenue to increase 15% – 20% and adjusted EPS of $5 – $6 versus an estimate of $4.80.
- The company expects to generate more than $2 billion of free cash flow in 2023, enabling further debt reduction.
- Delta reiterated its 2024 targets, including earning over $7 per share and strengthening the balance sheet to return to investment grade metrics.
- “Demand for air travel remains robust as we exit the year and Delta’s momentum is building,” said CEO Ed Bastian.
- Also Read: Morgan Stanley Bullish On Airline Stocks, Names Southwest, Delta Top Picks For 2023
- Price Action: DAL shares are trading higher by 3.89% at $34.68 in premarket on the last check Wednesday.
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