Delta Air Lines stock tumbles on revenue miss
) experienced a significant 8% decline in its share price following the announcement of its second-quarter financial results, which revealed a revenue shortfall despite matching expectations for adjusted earnings per share .
Despite the miss, the Atlanta-based carrier highlighted a record June quarter revenue, which was 5.4% higher than the same period in 2023. The company's operating margin stood at a robust 14.7%, and it generated strong cash flow, allowing for continued debt repayment and a significant 50% increase in its dividend payment starting in the September quarter.
Despite the positive performance metrics, investors reacted negatively to the revenue miss, driving the stock down significantly. The company's outlook for the September quarter includes an expected pre-tax profit of approximately $1.5 billion and a double-digit operating margin.
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