Delta Air Lines Reports Large Q2 Loss; Traffic Recovery Two Years Away

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Delta Air Lines announced earnings per share of $-4.43 on revenue of $1.47B. Analysts polled by anticipated EPS of $-4.31 on revenue of $1.35B.

Delta Air Lines shares are down 54.14% from the beginning of the year , still down 57.72% from its 52 week high of $63.44 set on July 24, 2019. They are under-performing the S&P 500 which is down 2.34% from the start of the year.

Delta Air Lines’s report follows an earnings beat by FedEx on June 30, who reported EPS of $2.53 on revenue of $17.4B, compared to forecasts EPS of $1.58 on revenue of $16.41B.

Carnival ADS had missed expectations on June 18 with second quarter EPS of $-3.3 on revenue of $700M, compared to forecast for EPS of $-1.59 on revenue of $773.9M.

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