Delta Air Lines: Today’s value on Wall Street Despite Omicron, Delta Air Lines exceeds analysts’ expectations in the fourth quarter

Delta Air Lines raises 3.15% to $41.85 in New York. Despite the turbulence caused by the Omicron variant, the American airline managed to exceed consensus expectations in the fourth quarter of 2021. The group posted a net loss of $408 million, or -64 cents per share, compared with a profit net of $1.1 billion, or $1.71 per share, in the fourth quarter of 2019 (pre-crisis). However, on an adjusted basis, earnings per share came out at 22 cents, while the FactSet consensus was expecting 14 cents.

Even favorable surprise on the side of the turnover which is established 9.47 billion dollars, against a consensus of 9.02 billion and 11.4 billion dollars during the fourth quarter of 2019.

In the end, Delta Air Lines closed the year 2021 with a profit of 280 million dollars and a turnover of around 30 billion.

On the outlook side, Delta Air Lines has warned that it will post a loss in the first quarter of 2022, due to the impact of the Omicron variant. The strong distribution of the latter has indeed led to the cancellation of a large number of flights in recent weeks. If the group is expected to lose money in January and February, it expects its accounts to return to the green in March.

Turnover should be between 72% and 76% of its pre-crisis level in the first quarter of 2022, compared to 74% in the last quarter of 2021.

Ed Bastian, chief executive of Delta Air Lines, said he was confident about the strength of demand in the spring and this summer.

Over the whole of 2022, he believes that the group is in working order to generate a “significant profit”.