Delta Navigated The Industry Turbulence Better Than Expected
Delta Navigated The Industry Turbulence Better Than Expected
Despite persistent inflation, Delta Air Lines Inc (NYSE:DAL) swung to a profit during the first quarter fueled by record sales. Unlike United Airlines (NASDAQ:UAL) and Southwest Airlines Co (NYSE:LUV), Delta has been less affected that some of its major rivals whose operations were disrupted by problems that are troubling The Boeing Company (NYSE:BA). Boeing has been plagued by far more than safety and quality control issues as the recent incident reveals serious company culture challenges. Meanwhile, 80% of United Airlines fleet comes from Boeing and Southwest is the most hurt by the criticism of Boeing that makes 100% of its fleet. Whether or not they have Boeing or Airbus jets, all US airlines were expected to post losses for the first quarter that is typically the least profitable period. Delta delivered a pleasant surprise as the short-term travel gaps were filled with increased demand for business travel.
尽管通货膨胀持续不断，但由于创纪录的销售额，达美航空公司（纽约证券交易所代码：DAL）在第一季度实现了盈利。与联合航空（纳斯达克股票代码：UAL）和西南航空公司（纽约证券交易所代码：LUV）不同，达美航空受到的影响要小于其运营因波音公司（纽约证券交易所代码：BA）的问题而中断的一些主要竞争对手。波音受到的困扰远不止安全和质量控制问题，因为最近的事件揭示了严重的公司文化挑战。同时，联合航空机队的80％来自波音，而西南航空的机队受的批评影响最大，波音占其机队的100％。无论他们是否拥有波音或空中客车飞机，预计所有美国航空公司都将在第一季度出现亏损，而第一季度通常是利润最低的时期。由于商务旅行需求的增长填补了短期旅行缺口，达美航空带来了惊喜。
Travel has been prioritized as a discretionary investment in wellbeing.
旅行被列为对福祉的全权投资。
For the quarter ended on March 31st, adjusted revenue rose 6% YoY to $12.56 billion, excluding refinery sales. Interestingly, domestic unit revenue rose 3% from a year ago with airplane loads at records for the quarter, traditionally a slow period for travel.
截至3月31日的季度，调整后的收入同比增长6％，至125.6亿美元，其中不包括炼油厂的销售。有趣的是，国内单位收入比去年同期增长了3％，该季度的飞机装载量创历史新高，传统上是旅行缓慢的时期。
More importantly, Delta made $37 million, or 6 cents per share, swinging from the loss it reported for last year's comparable quarter that amounted to $363 million, or 57 cents per share. Delta's adjusted earnings amounted to$288 million, or 45 cents a share, surpassing LSEG's estimate of $235 million or 36 cents per share.
更重要的是，达美航空的盈利为3700万美元，合每股6美分，高于去年同期公布的3.63亿美元亏损，合每股亏损57美分。达美航空调整后的收益为2.88亿美元，合每股收益45美分，超过了LSEG估计的2.35亿美元，合每股收益36美分。
Guidance
指导
Delta guided for thinner profit margins in the current quarter with second-quarter earnings in the range between$2.20 and $2.50 per share, surpassing LSEG's average estimate of $2.23 per share, on the back of a 7% rise in revenue, which is also above analyst estimates.
达美航空预计本季度的利润率将降低，第二季度每股收益在2.20美元至2.50美元之间，超过了LSEG估计的每股2.23美元，这要归因于收入增长7％，也高于分析师的预期。
As for the full year forecast, due to business travel having improved in the last quarter and solid demand expected to continue, Delta reiterated its prior guidance of $6 to $7 in earnings per share and free cash flow in the range from $3 billion to $4 billion.
至于全年预测，由于上个季度商务旅行有所改善以及预计将继续保持强劲的需求，达美航空重申了其先前的预期，即每股收益为6至7美元，自由现金流在30亿美元至40亿美元之间。
Amid a tough quarter for U.S. airlines during which the aircraft issues of Boeing forced many carriers to rethink their long-term plans, Delta posted strong and significantly improved bottom line. The Atlanta-based carrier remains focused on efficiency, while also slowing down hiring. Delta CFO Dan Janki emphasized that growth is normalizing and as the airline undergoes a period of optimization, it aims to restore its most profitable core hubs and achieve efficiency gains.
在美国航空公司经历了艰难的季度，在此期间，波音的飞机问题迫使许多航空公司重新考虑其长期计划，达美航空公布了强劲且显著改善的利润。这家总部位于亚特兰大的航空公司仍然注重效率，同时也放慢了招聘速度。达美航空首席财务官丹·詹基强调，增长正在正常化，随着该航空公司经历一段时间的优化，其目标是恢复其最有利可图的核心枢纽并实现效率提高。
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