DADALEarnings Analysis财报电话会Source pending来源待核by InvestLog AIInvestLog AI 整理
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DAL earnings call: Combined with our revenue outlook, we expect fourth quarter earnings of $1.15 to $1.65 per share, and an operating margin of 7% to 9%. For the full year, we now expect earnings of $5.10 to $5.60 per share with free cash flow of approximately $2.5 billion Our outlook includes a refinery benefit of more than $700 million underscoring its unique value.达美航空 (DAL) 电话会：结合我们的营收展望，我们预计第四季度每股收益为1.15至1.65美元，营业利润率为7%至9%。对于全年，我们目前预计每股收益为5.10至5.60美元，自由现金流约为25亿美元，我们的展望包含超过7亿美元的炼油业务收益，这凸显了其独特价值。
Management remarks
Call period: 2026 Q3 · 2026-10-09
Guidance: Erik Storey Snell: Combined with our revenue outlook, we expect fourth quarter earnings of $1.15 to $1.65 per share, and an operating margin of 7% to 9%. For the full year, we now expect earnings of $5.10 to $5.60 per share with free cash flow of approximately $2.5 billion Our outlook includes a refinery benefit of more than $700 million underscoring its unique value.
Demand and orders: Joe Esposito: Domestic unit revenue grew 16%, driven by healthy yield growth on load factors that were 1 point higher than last year as we closely align our capacity growth with demand.
Analyst Q&A
Analyst Chris Wetherbee asked: And then maybe just a quick follow-up on the CASM ex commentary, particularly for you as you think about next year, the operational investment you are making this year. This something where we could see sort of the absolute cost come down as we think about 2027? Management Erik Storey Snell answered: I think we are certainly seeing improvement. We are at the peak of our CASM right now. But we will begin to lap the investments we have made These investments and costs are in our baseline. So I would be planning on a low single digit kind of number for now. As we continue to make the right investments to take care of our customers. I do not think you will see the absolute number of CASM come down. That would be pretty hard, but I think you will see the utilization of that absolute dollar value in terms of efficiency and productivity, certainly.
