Delta Air Lines (NYSE:DAL) shares were under pressure after it joined other major US airlines in halting flights to Tel Aviv following Israel’s declaration of war in response to a large-scale attack by Hamas.
However, third-quarter results ahead of the opening bell on October 12, 2023, may give investors a reason to cheer.
Like other airlines, Delta is expected to have continued to benefit from strong travel demand following the Covid-19 pandemic. While ticket prices have cooled off, available seat miles will likely be up.
The airline is expected to report a 13% rise in adjusted revenue to $14.6 billion for the quarter, while adjusted earnings per share are likely to rise 27% to $1.92 per share, according to Zacks Investment Research.
Following the attacks on Israel and ahead of its results, Delta’s shares were down 4.9% at $35.36 in early Monday afternoon trading.
Contact the author at stephen.gunnion@proactiveinvestors.com