Tuesday, July 14, 2020

Delta Air Lines Posts Hefty Loss In Q2

Delta Air Lines (DAL) reported a second quarter adjusted loss per share of $4.43 compared to profit of $2.35, prior year. On average, 15 analysts polled by Thomson Reuters expected the company to report a loss per share of $4.12, for the quarter. Analysts' estimates typically exclude special items. June quarter adjusted pre-tax loss was $3.9 billion, which excludes $3.2 billion of items directly related to the impact of COVID-19 and the company's response.

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