Delta CEO forecasting highest Q2 earnings ever. Here's what the pros are saying
June 27, 2023
posted on
Market Movers rounded up the best reactions from investors and analysts on Delta Air Lines . The pros discussed the airline after CEO Ed Bastian told CNBC he is raising his profit forecast for the second quarter. Bastian is also predicting Delta’s second-quarter earnings could be the highest ever for the company’s April to June period due to strong demand and premium ticket purchases. Delta is forecasting adjusted earnings per share of $2.25 to $2.50, up from a previous range of $2 to $2.25 a share. Sheila Kahyaoglu of Jefferies said on CNBC on Tuesday her firm is raising the stock’s price target to $50. Delta ended the day up nearly 7% at $46.09 a share.
