01:37 PM EDT, 10/10/2024 (MT Newswires) -- Delta Air Lines ( DAL ) said Thursday it expects a 1 percentage point impact to total unit Q4 revenue due to the upcoming Nov. 5 presidential elections in the US.

"As we've seen historically, domestic travel demand is impacted in the weeks surrounding the election," Delta President Glen Hauenstein said during the company's Q3 earnings call, according to a transcript available on S&P Capital IQ.

Earlier Thursday, Delta Air Lines ( DAL ) reported Q3 earnings below estimates, with sales exceeding expectations. The company also issued a downbeat Q4 earnings outlook amid expectations for subdued travel demand around the US Presidential elections.

Delta Air Lines ( DAL ) said it expects Q4 adjusted EPS of $1.60 to $1.85. The midpoint of the guidance range is below the current consensus on Capital IQ for $1.79.

Bookings for the December quarter are "strong," while capacity growth is seen at 3% to 4%, according to Hauenstein.

"We expect our December quarter pre-tax profit to grow 30% over last year to $1.4 billion, which would mark one of the most profitable fourth quarters in our history," Chief Executive Ed Bastian said in a statement.

Delta Air Lines ( DAL ) shares were down 1.4% in recent Thursday trading.

Price: 50.14, Change: -0.69, Percent Change: -1.36