Summer Loving, Delta Airlines Sees Record Revenues and Profit

Delta Airlines was the first airline to report second quarter earnings on Thursday announcing record revenue and profit from the resurgence of travel and lower jet fuel expenses. Airport passenger volumes hit a new high on June 30, a day Delta said was its highest summer revenue day ever. DAL raised guidance with expected higher demand putting the airline on track to earn $2.20 to $2.50 a share, above what analysts are expecting. The company raised its guidance for the … Continue reading “Summer Loving, Delta Airlines Sees Record Revenues and Profit”

Delta Airlines Sees Record Revenues Boosted by Corporate and European Travel with Strong Dollar.

Delta Airlines was the first airline to report Q3 earnings on Thursday announcing record revenue from “tremendous demand” with the reemergence of corporate travel, offsetting soaring jet fuel expenses up 45% compared to 2019. DAL expects to run at 92% of the comparable 2019 capacity during the December quarter and set on fully restoring its network over the next six-to-nine months. Delta Airlines Earnings Q3 2022 earnings released at 6:15 a.m. ET; conference call at 10:00 a.m ET Adjusted net … Continue reading “Delta Airlines Sees Record Revenues Boosted by Corporate and European Travel with Strong Dollar.”