Delta Air Lines misses Q3 earnings, awaiting University of Michigan Consumer Sentiment Index
JPM JPMorgan Chase & Co
$332.99 +0.47%
View chart & analysis → - 1Delta Air Lines reported Q3 earnings per share of $1.72, missing the Zacks consensus by -4.44%.
- 2Fuel costs rose +62% year-over-year, serving as a primary cause for Delta Air Lines' weak Q3 performance.
- 3The October University of Michigan Consumer Sentiment Index is expected at 48, with values below 50 indicating negative sentiment among US consumers.
So what's the key point?
Delta Air Lines reported lower profits than experts expected due to a significant rise in fuel costs. Attention is also needed as an upcoming indicator is expected to show that consumer sentiment is not positive.
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