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Delta Air Lines delivered strong third-quarter results, beating Wall Street earnings expectations on the back of surging passenger revenue.
Here is what you need to know about the airline leader's latest earnings report:
• THE TOP LINE: Total revenue surged 30% year-over-year to hit 19.8 billion dollars.
• THE EARNINGS BEAT: This impressive performance allowed Delta to beat consensus estimates by 950 million dollars.
• FUTURE OUTLOOK: Management confidently reaffirmed its full-year guidance, projecting between 3 billion and 4 billion dollars in free cash flow.
• THE SYSTEM SCORE: Supported by robust profitability metrics and a strong forward-looking outlook, the Seeking Alpha Quant system officially flags Delta as a Buy.
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