(AOF) – Delta Air Lines rose 3.15% to $ 41.85 in New York City. Despite the turmoil caused by the Omicron variant, the US airline managed to beat consensus expectations in the fourth quarter of 2021. The group posted a net loss of $ 408 million, or -64 cents per share, compared with net income of $ 1.1 billion, or $ 1.71 per share, in the fourth quarter of 2019 (pre-crisis). However, on an adjusted basis, earnings per share stood at 22 cents, while the FactSet consensus was forecasting 14 cents.
Same favorable surprise on the side of the turnover which stands at 9.47 billion dollars, against a consensus of 9.02 billion and 11.4 billion dollars in the fourth quarter of 2019.
In the end, Delta Air Lines closed the year 2021 with a profit of 280 million dollars and a turnover of around 30 billion.
On the outlook side, Delta Air Lines has warned that it will record a loss in the first quarter of 2022, due to the impact of the Omicron variant. The strong distribution of the latter has indeed led to the cancellation of a large number of flights in recent weeks. While the group is expected to lose money in January and February, it expects its accounts to turn green in March.
Regarding turnover, it should stand between 72% and 76% of its pre-crisis level in the first quarter of 2022, against 74% in the last quarter of 2021.
Ed Bastian, CEO of Delta Air Lines, expressed confidence in the strength of demand in the spring and summer.
Over the whole of 2022, he believes that the group is in working order to generate a “significant profit”.
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