Delta's quarterly profit tops estimates on booming international travel
Thursday, 12 October 2023 Delta Air Lines reported stronger-than-expected quarterly profit due to strong international travel, but lowered its full-year outlook because of higher fuel costs. Delta CEO Ed Bastian stated that the demand for Delta's products remains high and that their domestic business is strong. The company's adjusted earnings for the third quarter were $2.03 per share, surpassing analysts' expectations. However, a rise in fuel costs is impacting the company's profits. Delta now expects adjusted earnings of $6 to $6.25 per share for the year, compared to the previous estimate of $6 to $7 per share.
Delta Sees $1.11 Billion Profit , Ahead of Strong Holiday Bookings.
ABC reports that Delta Air Lines
gained $1.11 billion in profits as summer
travelers packed planes in the third quarter. .
On October 12, the carrier said it expects
revenue to continue rising through
the upcoming holiday...
Thursday, 12 October 2023
