VIK

Delta Air Lines Restores Financial Guidance

by

Image Source: TradingVIew By Brian Nelson, CFA On July 10, Delta Air Lines (DAL) reported results for its June quarter that beat consensus expectations on the top and bottom lines. On a non-GAAP basis, operating revenue came in at a record $15.5 billion, up 1% year over year, with operating income of $2 billion on an operating margin of 13.2%. Pre-tax income came in at $1.8 billion with a pre-tax margin of 11.6%. Delta reported earnings per share of $2.10 and operating cash flow of $1.8 billion in the quarter. Management had the following to say about the results: In the June quarter, Delta delivered record revenue on a 13 percent operating margin, generating $1.8 billion in pre-tax profit and … Read more

Carnival Corp. Experiencing Strong Demand Trends

by

Image: Carnival Corp.’s shares have bounced from its 2022 lows, but the company has yet to return to new highs, despite strong bookings demand. By Brian Nelson, CFA On June 25, Carnival Corp. (CCL) reported better-than-expected second quarter results for fiscal 2024. Total revenue advanced to $5.78 billion from $4.91 billion in the same period a year ago, while operating income expanded to $560 million from $120 million in last year’s quarter. Net income swung to a profit of $92 million from a net loss of $407 million in the second quarter of fiscal 2023. Management commentary was upbeat in the press release: We have made incredible strides in improving our commercial operations, strategically reallocating our portfolio composition and formulating … Read more