Delta Air Lines on Wednesday posted third-quarter earnings and revenue that topped Wall Street expectations.
Ther No. 2 U.S. airline reported adjusted earnings per share of $ 1.57, beating analysts’ expectations of $ 1.53 a share for a quarter that ended with crippling hurricanes.
Earnings per share were about 8 percent lower year-over-year.
The airline posted quarterly revenue of $ 11.06 billion, slightly higher than expectations for $ 11.03 billion in the three months ended in September.
Delta’s passenger revenue per available seat mile — a key income metric — rose 1.9 percent, in line with the airline’s updated forecast earlier last month.
Hurricane Irma, which struck Florida and Delta’s hub in Atlanta, forced the airline to cancel more than 2,000 flights.
Forecasts for Delta’s domestic competitors are pointing to lower quarterly earnings as airlines grapple with how to grow profits with persistently low fares, and higher labor and fuel costs.