Aug. 3 at 2:24 AM
Revenue by Segment Premium + Loyalty (awards + related) + MRO 55.7% more than Main Cabin. The
$DAL industry airlines? Structure changed! The
$DAL have moat difference with other company airlines. But now underperform from refinery. Earnings Call about All-in Fuel Price Q2
$3.93 that very high but Q3 Guidance is
$3.35 Delta approximately 4.2 billion gallons of oil are used annually (from 2025).
$3.35 × 1.1 billion gallons ≈
$3.7 billion
Savings from Q2 ≈
$0.7 billion Q3 EPS ≈
$2.13/share The CFO guideline is
$2.00–2.50. If jet fuel prices decrease, DAL (Days by Pass) is likely to recover more, given the
$7 billion in air traffic liability (people bought tickets at high prices when fuel was expensive but haven't flown yet; if fuel prices fall, the cost spread will widen).
