Delta Air Lines, Inc. (NYSE:DAL) reported its Q2 results, with EPS of $1.44 coming in below the Street estimate of $1.64. Revenue was $12.31 billion, slightly below the Street estimate of $12.33 billion.
For the September quarter, the company expects revenue of $12.85 billion at the midpoint, higher than the Street estimate of $12.5 billion. Adjusted operating margin is expected in the range of 11-13%.
According to the analysts at Deutsche Bank, the earnings outlook implies that September, which can be the “make or break” month for the quarter, is expected to see healthy demand as corporate travel continues to improve (domestic and international corporate sales were 80% and 65% recovered in Q2, respectively).