Delta Air Lines Stock Approaches Peak Ahead of Earnings Report

Shares of Delta Air Lines are trading near an all-time high of $72.34, having surged 44% over the past six months. This record-setting rally faces a key test with the release of the company’s quarterly results on January 13. The airline must balance its strong operational performance against a significant financial headwind: an estimated $200 million pre-tax profit reduction stemming from a prolonged US government shutdown.

The upcoming earnings report will quantify the impact of recent external disruptions. Analysts project that the government shutdown will lower pre-tax income by approximately $200 million. This is expected to reduce quarterly earnings per share (EPS) by $0.25. The consensus forecast for Delta’s fourth-quarter EPS stands at $1.55.

Concurrently, Read more...