5 Stocks in the Limelight After Earnings Reports

4. Delta Air Lines, Inc. (NYSE:DAL)

Number of Hedge Fund Holders: 49

Shares of Delta Air Lines, Inc. (NYSE:DAL) recently slipped to a nearly one-month low despite beating expectations for the third quarter. The Atlanta-based airline reported adjusted earnings of 30 cents per share for the three months ended 30 September 2021, surpassing the consensus forecast of 17 cents per share.

Delta Air Lines, Inc. (NYSE:DAL) had reported adjusted earnings of $2.33 per share in the comparable period of 2019. Revenue came in at $9.15 billion, ahead of the consensus forecast of $8.4 billion.

Moving forward, Delta Air Lines, Inc. (NYSE:DAL) expects fuel prices to increase in the range of $2.25 to $2.40, compared to the average price of $1.97 per share in the third quarter. The higher prices will weigh on its bottom line in the remaining year, the company said.

Commenting on the results, CEO Ed Bastian said:

“Our September quarter marked an important milestone in our recovery, with our first quarterly profit since the start of the pandemic. “Our revenues reached two-thirds of 2019 levels thanks to the industry-leading operational performance our people delivered through a busy summer, once again showing why they are the best in the business.”