Delta Expects 2025 Capacity Growth of Up to 4%. The Stock Is Trading Lower. -- Barrons.com

Dow Jones11-20

By Emily Dattilo

Shares of Delta Air Lines were trading lower after the airline company issued a slate of guidance ahead of its investor day.

Delta stock fell 2.6% to $63.04 in premarket trading Wednesday. Through Tuesday's close, shares have jumped 61% this year.

"We are introducing a three-to-five-year financial framework across key value drivers including margin expansion, durable earnings and free cash flow, and balance sheet strength that reflect Delta's financial discipline and strategic priorities," said Chief Financial Officer Dan Janki in a statement.

Those targets include mid-teens operating margin and average annual earnings per share growth of 10%, among other metrics.

Delta also reaffirmed its fourth-quarter guidance and offered preliminary commentary on 2025 for capacity growth of 3% to 4% year over year, revenue growth of mid-single digits, and non-fuel unit cost growth of low-single digits year over year.

"Note, all guidance metrics grow from a 2024 baseline that excludes the impact of the CrowdStrike-caused outage in the September quarter," the company added.

The Investor Day begins at 8:30 a.m. Eastern time.

Write to Emily Dattilo at emily.dattilo@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

November 20, 2024 07:29 ET (12:29 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Through Tuesday's close, shares have jumped 61% this year. \n\n\n     \"We are introducing a three-to-five-year financial framework across key value drivers including margin expansion, durable earnings and free cash flow, and balance sheet strength that reflect Delta's financial discipline and strategic priorities,\" said Chief Financial Officer Dan Janki in a statement. \n\n\n     Those targets include mid-teens operating margin and average annual earnings per share growth of 10%, among other metrics. \n\n\n     Delta also reaffirmed its fourth-quarter guidance and offered preliminary commentary on 2025 for capacity growth of 3% to 4% year over year, revenue growth of mid-single digits, and non-fuel unit cost growth of low-single digits year over year. \n\n\n     \"Note, all guidance metrics grow from a 2024 baseline that excludes the impact of the CrowdStrike-caused outage in the September quarter,\" the company added. \n\n\n     The Investor Day begins at 8:30 a.m. Eastern time. \n\n\n     Write to Emily Dattilo at emily.dattilo@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. 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