Delta Air Lines reported earnings of $1.56 per share, beating estimates, and posted record revenue that grew 14% to more than $2 billion over last year, yet the stock slipped 1.8%. The decline came as non-fuel unit costs increased 6.8% year-over-year, raising concerns about margin pressure despite the airline's demonstrated pricing power. Management reaffirmed full-year earnings guidance of $6.50 to $7.50 per share and guided for a third-quarter operating margin of 11% to 13%. International unit revenue growth of 8% lagged the domestic segment's 12.4%, adding to cost discipline worries.
Delta Air Lines IncNon-fuel unit costs surged 6.8% YoY, raising margin concerns despite pricing power.
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