Delta Air Lines Q2 Earnings: EPS Miss, Revenue Beat, Underwhelming Q3 EPS Outlook And More
Delta Air Lines Q2 Earnings: EPS Miss, Revenue Beat, Underwhelming Q3 EPS Outlook And More
Delta Air Lines, Inc. (NYSE:DAL) shares are trading lower by ~9% premarket on Thursday following the release of its second-quarter 2024 results.
週四盤前，達美航空股票（Delta Air Lines, Inc.） （NYSE:DAL）下跌約9％，此前發佈2024年第二季度業績。
Delta reported second-quarter 2024 operating revenue growth of 7% year-over-year to $16.658 billion, beating the consensus of $15.452 billion. Adjusted operating revenue was $15.407 billion (+5.4% YoY).
Delta報告，2024年第二季度營收增長了7％，達到了165.8億美元，超過了合理預期的154.52億美元。調整後的營收爲154.07億美元（同比增長5.4％）。
Adjusted average fuel price of $2.64 per gallon, up 5% from last year's quarter. Adjusted EPS was $2.36, missing the consensus of $2.37.
調整後的平均燃料價格爲每加侖2.64美元，比去年同季度增長了5％。調整後的每股收益爲2.36美元，低於市場預期的2.37美元。
Total passenger revenue was $13.841 billion, a 5% increase YoY; Cargo revenue grew 16% YoY to $199 million, and Other revenue was $2.618 billion (+19% YoY).
總客運收入爲138.41億美元，同比增長5％;貨運收入同比增長16％，爲1.99億美元;其他收入爲26.18億美元(同比增長19%)。
Delta recorded an adjusted operating income of $2.269 billion, compared to $2.494 billion YoY, with an adjusted operating margin of 14.7%, down ~230 bps.
Delta的調整後營業收入爲22.69億美元，而去年同期爲24.94億美元，調整後營業利潤率減少了近230個點子達到14.7%。
"Diverse revenue streams, including premium and loyalty, contributed higher growth and margins, underpinning Delta's industry-leading financial performance and increasing our financial durability," commented Glen Hauenstein, Delta's president.
Delta總裁Glen Hauenstein表示，“包括高息和忠誠度在內的多元化收入流，爲Delta業界領先的財務表現和增加我們的財務耐久性做出了貢獻。”
"We expect September quarter capacity growth of 5 to 6 percent and revenue growth of 2 to 4 percent, with sequential improvement in unit revenue trends through the quarter," added Hauenstein.
Hauenstein補充道：“我們預計9月份出現5%-6%的產能增長和2%-4%的收入增長，並通過整個季度逐步改善單位收入趨勢。”
Adjusted operating expenses increased by 8% YoY to $13.138 billion, and non-fuel costs were $9.808 billion (+9% Y/Y) for the quarter.
調整後的運營開支同比增長8％，爲131.38億美元，其中非燃油成本爲98.08億美元(同比增長9%)。
Delta generated an adjusted operating cash flow of $2.458 billion (-7% YoY). Adjusted net debt at quarter-end decreased ~3% Y/Y to $19.17 billion. Adjusted debt to EBITDAR of 2.8x, down from 3.0x at the end of 2023.
Delta的調整後營業現金流爲24.58億美元，同比下降7％。季末調整後淨債務同比減少約3％，達到191.7億美元。調整後的債務與EBITDAR之比爲2.8倍，低於2023年末的3.0倍。
Total revenue per available seat mile decreased by 1% year over year. The passenger load factor was 87% vs. 88% in the second quarter of 2023.
每可用座英里收入同比下降1%。客座因素爲87%，而2023年第二季度爲88%。
DAL's Air Traffic Liability ended the quarter at $9.4 billion, up $2.4 billion compared to the end of 2023.
Delta的運輸流量負債在本季度末達到94億美元，相比2023年末增加了24億美元。
"Growth continues to normalize and our teams are consistently running a great operation, enabling us to deliver efficiency. In the September quarter, we expect non-fuel unit costs to increase 1 to 2 percent year-over-year as capacity growth moderates," commented Dan Janki, Delta's chief financial officer.
Delta的首席財務官Dan Janki表示，“增長繼續趨於正常化，我們的團隊持續優化管理，使我們能夠提高效率。在9月季度，我們預計由於產能增長逐漸減緩，非燃油單位成本將同比增加1%-2%。”
"Debt reduction remains our top financial priority and we are progressing toward investment grade ratings, with gross leverage improving to 2.8x at the end of the first half," added Janki.
Janki補充說：“債務減少仍然是我們的首要財務重點，我們正在朝着投資級評級的方向取得進展，毛槓桿率在上半年末改善至2.8倍。”
Third-quarter 2024 Outlook: On a non-GAAP basis, Delta expects revenue growth of 2%-4%, EPS of $1.70 – $2.00 versus $2.06 consensus, and an operating margin of 11%-13%.
2024年第三季度展望: Delta預計在非GAAP基礎上，營收將增長2%到4%，每股收益將達到1.70美元至2.00美元，預期市場預期爲2.06美元，營業利潤率將在11%至13%之間。
Reiterates 2024 Outlook: On a non-GAAP basis, DAL expects EPS of $6.00 – $7.00 versus the $6.58 consensus, free cash flow of $3 billion-$4 billion, and Adjusted Debt to EBITDAR of 2x – 3x.
重申2024年展望: Delta預計在非GAAP基礎上，每股收益將達到6.00美元至7.00美元，預期市場預期爲6.58美元，自由現金流將爲30億-40億美元，調整後的債務與EBITDAR之比將爲2倍至3倍。
Also Read: U.S. Airlines To Take Flight In Q2: Analyst Predicts Strong Results, 10% Operating Margin
U.S. Airlines To Take Flight In Q2: Analyst Predicts Strong Results, 10% Operating Margin 的相關新聞。
Price Action: DAL shares are trading lower by 8.54% at $42.86 premarket at the last check Thursday.
目前週四最後查看DAL股票盤前報價爲42.86美元，下跌8.54％。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。