Delta Air Lines (DAL) Misses Q4 EPS by 1c

Delta Air Lines (NYSE: DAL) reported Q4 EPS of $1.18, $0.01 worse than the analyst estimate of $1.19. Revenue for the quarter came in at $9.5 billion versus the consensus estimate of $9.61 billion.

Delta's operating revenue for the December quarter decreased 2 percent, or $145 million, due to $160 million in foreign currency pressures. Passenger unit revenues declined 1.6 percent, which includes approximately 2 points of impact from foreign currency.

"Our 2015 performance was a record for Delta on all fronts – with industry-leading operational performance, superior customer satisfaction, and a $5.9 billion adjusted pre-tax profit. These results show the commitment of the Delta people to running the best airline in the world every day. It's an honor to reward their performance with $1.5 billion in profit sharing for the year," said Richard Anderson, Delta's chief executive officer. "As we look ahead to 2016, we have a significant opportunity to improve our performance even further. With over $3 billion in potential savings from lower fuel prices and numerous commercial, operational and cost initiatives already in place, we expect to again perform in the top tier of the S&P Industrials on earnings growth, margins, and cash flows this year despite global economic challenges."

For earnings history and earnings-related data on Delta Air Lines (DAL) click here.

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