What Should We Expect From Delta’s 1Q 2016 Results?
Delta Air Lines (NYSE:DAL), the third largest airline by traffic, is slated to release its March quarter 2016 financial results on 14th April 2016. Due to fears of an oversupply of seats in the market, the company has restricted its system capacity growth to less than 3%, 2% lower compared to same quarter last year. While this is likely to ease the pricing power for the airline, foreign currency fluctuations during the quarter are expected to pull down its revenue. As a result, the market expects Delta’s 1Q’16 revenue to be around $9.28 billion, 1% lower compared to 1Q’15.
On the cost side, however, the Atlanta-based airline is expected to meet its operating margin guidance. This will be primarily driven by the lower fuel costs because of depressed oil prices during the last three months, partially offset by higher unit costs. Overall, the consensus anticipates Delta’s EPS to grow by more than 30% on a year-on-year basis.
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Have more questions about Delta Air Lines (NYSE:DAL)? See the links below:
- How Did The Legacy Carriers Perform Operationally In January?
- Why Did Delta’s Operating Margin Soar In 2015?
- Delta Air Lines: The Year 2015 In Review
- How Will Delta’s Revenue And EBITDA Grow Between 2015 and 2018?
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Notes:
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Delta Air Lines Limited
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