rtmark
LearnBonds.com

US earnings season: Delta Air Lines, look away now

Delta Air Lines will post its first-quarter 2020 results on Wednesday, and no one expects it to be anything other than grim reading.

This year has been devastating for the travel sector and airlines, in particular, seeing multiple carriers ground their entire fleet following government orders to contain the coronavirus pandemic. With air-travel demand near zero and strict restrictions on travel, Delta Air Lines’ revenues are expected to have fallen like a stone.

Notably, the Zacks Consensus Estimate for first-quarter passenger revenues indicates a 6.3% fall from the figure reported in fourth-quarter 2019. Additionally, the consensus mark implies a 2.9% dip in total revenues for the soon-to-be-reported quarter. Delta, led by chief executive Ed Bastian, has an earnings per share of -37.65% as the Most Accurate Estimate is pegged at a loss of 70 cents, wider than the Zacks Consensus Estimate of a loss of 51 cents.

Following US President Donald Trump’s announced relief package, airline executives have expressed concern and confusion about the details of the government aid. A few have pointed out that having to repay the loan may prove to be more difficult for airlines – with revenue losses estimated at $314bn for the industry since the coronavirus outbreak.

Moreover, weak cargo demand due to global supply-chain disruptions is expected to hit its cargo revenues.

On Monday, rival United said it expects to report a pre-tax loss of about $2.1bn for the first quarter, as demand plummeted due to the health crisis. The carrier said it expects to borrow up to about $4.5bn from the US Treasury Department for a term of up to five years.  This cash comes on top of $5bn that the group will receive from a separate government aid package specifically for its employee payroll. The last of the country’s Big Three airlines, American Airlines, reports on Friday.

If you are interested in acquiring stocks of the company before they’re reported with our Earnings ESP Filter, you can do it through one of our vetted stock brokers.

Trusted & Regulated Stock & CFD Brokers

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission

Rating

64 traders signed up today

Visit Now

75% of investors lose money when trading CFDs.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Galina Mikova

Galina is a Hubspot-certified Technical Writer with over 10 years of experience in working with Fortune 500, private investment, banking, FOREX and niche tech companies as well as crypto and blockchain startups. She has a solid background in FinTech and blockchain technology.