Inside DAL’s Results
The company reported earnings of $746 million, or 90 cents per share, up from $213 million, or 25 cents per share, last year. Excluding special items, EPS was 45 cents per share—above analysts’ view of 44 cents.
Revenue rose 5% to $9.39 billion from $8.92 billion last year. Analysts expected to see revenue of $9.39 billion.
Profits Tripled, But DAL is Cutting International Capacity
The company said that it will be reducing capacity in international markets that are most impacted by the stronger dollar. Some of the regions included are Russia, Japan, Africa, India and the Middle East.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market||1.76%|
|VFINX||Vanguard 500 Index||1.12%|
|SEEGX||JPMorgan Large Cap Growth Select||0.78%|
The Bottom Line
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