As the third quarter of 2023 comes to a close, the financial sector is buzzing with the release of earnings reports from some of the biggest players in the industry. While some companies have delivered impressive results, others have failed to meet expectations, leading to a mixed bag of results. In this blog post, we’ll take a closer look at the latest earnings reports from Alaska Air Group (ALK), United Airlines (UAL), Delta Air Lines (DAL), American Airlines (AAL), and Capital One Financial (COF).

Alaska Air Group (ALK)

ALK reported Q3 EPS of $0.36, beating consensus estimates of $0.39. Revenue came in at $4.31 billion, in line with expectations. The company also guided Q4 EPS to $0.50-$1.50, which is below consensus estimates of $1.88. However, ALK did raise its full-year EPS guidance to $25.40-$25.50, up from previous guidance of $24.45-$24.65 and consensus estimates of $24.74. Funded backlog is now nearly $5.3 billion.

United Airlines (UAL)

UAL delivered Q3 EPS of $2.54, beating consensus estimates of $2.57. Revenue came in at $17.9 billion, in line with expectations. For Q4, the company guided EPS to $0.50-$1.50, which is below consensus estimates of $1.88. UAL also expects unit revenue to accelerate in Q4 compared to Q3, and unit cost excluding fuel to step down.

Delta Air Lines (DAL)

DAL reported Q3 EPS of $2.83, beating consensus estimates of $2.73. Revenue came in at $3.12 billion, slightly below expectations. For FY26, the company raised EPS guidance to $10.85-$11.05, up from previous guidance of $10.60-$10.90 and consensus estimates of $10.87. However, the company did reaffirm its revenue guidance of $12.30-$12.60 billion, in line with consensus estimates.

American Airlines (AAL)

AAL delivered Q3 EPS of $2.70, missing consensus estimates of $3.25. Revenue came in at $11.07 billion, below expectations. For Q4, the company guided EPS to a loss of $0.50-$1.50, which is below consensus estimates of $1.19. AAL also expects capacity to be in the middle of guidance and RASM to be up mid-single digits.

Capital One Financial (COF)

COF reported Q3 EPS of $6.72, beating consensus estimates of $6.17. Revenue came in at $1.68 billion, in line with expectations. For Q4, the company guided EPS to $6.60-$6.70, which is above consensus estimates of $6.50. COF also raised its full-year EPS guidance to $25.40-$25.50, up from previous guidance of $24.45-$24.65 and consensus estimates of $24.74.