Investing.com - Delta Air Lines (NYSE:DAL) reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Delta Air Lines announced earnings per share of $-3.3 on revenue of $3.06B. Analysts polled by Investing.com anticipated EPS of $-3.03 on revenue of $3.11B.
Delta Air Lines shares are down 44.19% from the beginning of the year, still down 47.76% from its 52 week high of $62.48 set on January 17. They are under-performing the S&P 500 which is up 9.39% from the start of the year.
Delta Air Lines shares lost 2.57% in pre-market trade following the report.
Delta Air Lines follows other major Transportation sector earnings this month
Delta Air Lines's report follows an earnings beat by FedEx on September 15, who reported EPS of $4.87 on revenue of $19.3B, compared to forecasts EPS of $2.7 on revenue of $17.55B.
Carnival ADS had beat expectations on Thursday with third quarter EPS of $-2.19 on revenue of $31M, compared to forecast for EPS of $-2.2 on revenue of $77.33M.
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