Delta Air Lines (DAL.N) predicted strong margins for the current quarter as it lessens growth on transatlantic and Pacific routes, but increases American capacity as it stated that carrier’s bookings remain undaunted by Ebola fears.
Executive Vice President Glen Hauenstein stated, after the company gave a posting of its profits for the third quarter, on a conference call that the company has not seen any visible difference in trends in booking and the company is monitoring the effects of Ebola on a day-per-day basis.
Partially because of fears that Ebola will cause air travel reduction resulted in a downward trend of U.S. Airline stocks. The shares of Delta, though have rebounded 2.9 Thursday as the company’s profits resulted to be better than expected, was still mired at 15 percent down from a month ago.
In the company’s report, it has beaten analysts’ average projection of around $1.18 based on Thomson Reuters data as it earned, excluding special items, $1.20 per share in the third quarter.
In conclusion, Deutsche Bank analyst Michael Linenberg on a research note Thursday, wrote that the outlook of Delta gives way to the fact that a relatively strong domestic revenue is more than offsetting weakening trends in international markets.
