Frontier Group Holdings, Inc. (0VN.MU)
- Yahoo Finance Video
Delta's Q3 revenue miss makes 'things more challenging': Analyst
Delta Air Lines (DAL) fell short of estimates for the airline operator's third quarter, posting profits of $1.50 per share ($1.52 was expected) and revenue of $14.59 billion ($14.68 billion expected). Delta CEO Ed Bastian cited the CrowdStrike (CRWD) outage to have shaved off $0.45 from the company's adjusted earnings per share. “The five days were really, really tough on our people as well as our customers. But in, in the weeks immediately following CrowdStrike, our company was back on top as the No. 1 position in terms of industry reliability, as we've been all year long," Bastian told Yahoo Finance. The Morning Brief welcomes Bloomberg Intelligence analyst George Ferguson to talk more about the earnings print "The results are a little bit muddy from CrowdStrike, but labor costs were up 13% year-over-year. So, labor continues to be a big challenge for the airlines. And again, with this revenue, this unit revenue declining, that makes things more challenging," Ferguson says, explaining the struggle an airline like Delta will face as it strives to grow in the marketplace. Expanding the outlook to the broader airline industry: "Southwest (LUV), JetBlue (JBLU) were cutting capacity. So I think the quarter will be challenging. But usually when you're in a cutting capacity mode or at least sort of growing less fast... you'll see firmer fares that will help some of their results." Ferguson also comments on Hurricane Milton's impact on the regional Florida market for flights in and out of the state, as well as how Delta and other airlines could assume the costs of Boeing's (BA) ongoing labor strike. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.
- GuruFocus.com
Frontier Group Holdings Inc (ULCC) Q2 2024 Earnings Call Highlights: Navigating Growth and ...
Frontier Group Holdings Inc (ULCC) reports revenue growth amidst industry oversupply, while addressing capacity and cost challenges.
- Yahoo Finance Video
Frontier Group upgraded by Raymond James
Frontier Group (ULCC) stock was in focus after Raymond James analysts upgraded the stock to market perform from underperform. Julie Hyman and Josh Lipton break down what investors need to know on Market Domination. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.
