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As of Friday, November 27th:
The blended earnings growth rate for the S&P 500 for Q3 2009, combining actual numbers for companies that have reported, and estimates for companies yet to report is currently -13.7%. Of the 490 S&P 500 companies who have reported Q3, 79% beat estimates, 7% were in-line, and 14% were below estimates. As of October 1st, the earnings growth rate was at -24.7%. (Data provided by Thomson Reuters)

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Fuel Costs Drag Down Delta Air Lines' Earnings
By: CNBC.com and wires | 15 Oct 2008 | 07:56 AM ET
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Falling fuel costs in recent months took some of the sting out of Delta Air Lines' third-quarter loss, but earnings were still down sharply from a year ago.

Delta Airlines Headquarters
AP

Delta [DAL  Loading...      ()   ] reported a loss of $50 million, or 13 cents a share, compared to a gain of of $220 million, or 56 cents a share,  in the year-ago period.

Excluding special items, Delta lost $26 million, or 7 cents a share.

Analysts surveyed by Thomson Reuters expected the company to break even on an earnings per share basis.

Revenue in the quarter rose to $5.72 billion, compared to $5.23 billion in the same quarter last year.

Total operating revenue grew 9%, or almost $500 million, despite a 1% decrease in capacity," citing an "uncertain demand environment."

Delta said it was making progress in closing its merger with Northwest Airlines [NWA  Loading...      ()   ].

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