Delta's June traffic was in-line, but unit revenue was lower due to lower international yields. Weakness was noted in Brazil due to the World Cup affecting business traffic. Cowen analyst Helane Becker reiterated an outperform rating and a 2Q EPS estimate of $1. Delta's quarterly margin guidance was reiterated at 14E-16E. Delta's stock was down as much as 5.7E following the guidance.
documents/EFTA01461860.pdf
{}