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Delta rallies as Investor Day updates begin rolling in

Published 12/14/2017, 08:42 AM
Updated 12/14/2017, 08:42 AM
© Reuters.  Delta rallies as Investor Day updates begin rolling in

© Reuters. Delta rallies as Investor Day updates begin rolling in

  • Delta Air Lines (NYSE:DAL) provides an update ahead of its Investor Day presentation.
  • Delta lifts its outlook on Q4 unit revenue growth to 4% vs. +2% to +4% prior.
  • The airline company now sees Q4 capacity growth of 2.5% to 3% vs. +2% prior.
  • Looking ahead to 2018, Delta expects capital spending of $4.0B and EPS of $5.35 to $5.70 (+10% to +15% Y/Y) vs. $5.55 consensus. The potential benefit to EPS from tax reform is estimated to be $1.00 to $1.25.
  • Presentation slides (.pdf)
  • Shares of Delta are up 1.62% in premarket trading to $54.50.
  • Now read: Delta Air Lines: 32% Upside On The Best Legacy Airline


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