Breaking: Delta earnings for Q1 2021 miss EPS and revenue forecasts

Ivan Brian FXStreet

Delta announced results for Q1 2021 on Thursday. Earnings per share (EPS) came in at -$3.55 versus $-3.13 expected. Adjusted operating revenue was $3.6 billion versus $3.91 billion expected.

Delta says if current trends hold it expects to see positive cash generation for the June quarter. The airline also said current domestic leisure bookings are 85% of 2019 levels.

Delta stock price

Delta (Nasdaq: DAL) is trading at $48.27, up 0.2% in the pre-market.

At the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

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