Delta Airlines is expected to report strong 4th-quarter and full-year profits tomorrow morning and to set a standard for financial performance coming out of 2019 that most other big U.S. airlines likely won't match
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That’s not to say that the likes of American, United, Southwest, JetBlue, Alaska Airlines and other publicly traded U.S. carriers had a bad fourth quarter. Far from it. But unless Delta springs a major and unlikely negative surprise, the Atlanta-based giant carrier should make it clear Tuesday that it is continuing to pull away from the field in terms of financial performance.
That kind of performance potentially could push Delta shares up closer to their 12-month peak of $63.44 back in July, provided no extraneous issues push the market down and that Delta does not announce surprise accounting charges or an unexpectedly negative forecast. Nor is it clear whether Delta’s current share price - $59.49 at the close on Monday – already fully reflects its expected strong profits announcement.
United, meanwhile, already has disclosed that its fourth-quarter results will be impacted by a $90 million charge for the impairment of its Hong Kong routes, which have seen a huge drop in demand over the past six months as a result of continuing and sometime violent classes between protesters and Chinese officials over the communist Chinese government’s efforts to bring the once-free wheeling and booming Hong Kong’s capitalist free market more under its control.
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