Wow what an earnings report! Delta Air Lines (NYSE:DAL) reports adjusted pre-tax income for Q4 was $1.0B.
The quarter included a negative $60M impact from the combination of a power outage at Atlanta’s Hartsfield-Jackson Airport and Winter Storm Benji.
The company says it brought in adjusted pre-tax income of $5.5B for the full year vs. $6.12B a year ago. Thats not all.
Passenger unit revenues increased 4.2% during Q4, cargo revenue was up 14.4%.
“Looking ahead to 2018, we expect to drive solid earnings growth by growing our top line 4 to 6 percent, improving our cost trajectory and integrating our international partner network. As a result, we are able to increase our previous full-year guidance to $6.35 to $6.70 per share due to additional benefits from tax reform,” updates Delta CEO Ed Bastian.
Delta expects unit revenue growth of 2.5% to 4.5% in Q1 and EPS of $0.60 to $0.80. The company sees 2018 EPS of $6.35-$6.70 vs. $5.35-$5.70 prior and $6.30 consensus.
The stock is getting a nice bump on the news. We remain bullish and have a $65 price target on shares of DAL.
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