Delta Air Lines Inc. (NYSE:DAL) reported Q2 2015 earnings (on an adjusted basis) of $1.27 per share, beating analyst´s estimates of $1.23. Further, higher-than-expected revenues contributed to that earning´s beat. The company reported quarterly revenues of $10.71 billion, beating estimates of $10.63 billion, with growth of 0.75% year-over-year.
When looking at the bottom-line, net income of $1.48 billion for the quarter increased by 85% year over year, along with diluted earnings per share of $1.83. The airliner benefited from low fuel costs that will probably continue in the next months, with an expectation of fuel costs per gallon ranging from $1.90 to $2.00. This view is also shared by the CEO who said, "significant fuel savings in the September quarter should allow us to produce another record quarter with more than 30% EPS growth," said CEO Richard H. Anderson. We must mention that if we include special items, Delta’s earnings came in at $1.83 per share. Continue Reading »