Airlines: Investors Are Concerned
On December 13, Delta Air Lines (DAL) provided updates on its 2019 outlook during a meeting with investors. Delta’s updates fell short of analysts’ expectations. For 2019, Delta expects an EPS between $6 and $7 (the midpoint is $6.50). Although at the midpoint, the earnings forecast signifies strong ~20% growth from the 2018 expected EPS of $5.59, it fell short of analysts’ consensus estimate of $6.69.