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Delta Reports Big Profit Gains From Summer Travel, but Warns About Fuel Costs

Delta Airlines

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Key Takeaways

  • Delta Air Lines reported better-than-expected profit as demand for summer travel boomed, but warned fuel costs will impact full-year results.
  • The airline's earnings soared 59% in the third quarter from a year ago, lifted by a surge in international travel.
  • Delta lowered the high end of its full-year earnings outlook because of higher prices for fuel.

Delta Air Lines (DAL) said its quarterly profit soared on a str꧂ong summer travel season, but the carrier warned higher fuel costs will impact its full-year results.

Delta reported third quarter 2023 澳洲幸运5官方开奖结果体彩网:net income jumped 59% from a year ago to $1.11 billion, or $2.03 per share, beating estimates. Revenue increased 13.3% to a record $14.55 billion, in line with forecasts.

Revenue from international travel skyrocketed 35%, with transatlantic sales gaining 34% and Latin America sales up 20%. Domestic travel revenue rose 6%. The company also noted sales for its premium seating cl𝓀imbed 17%. Main cabin revenue added 12%. 

President Glen Hauenste🔯in indicated that “robust demand for travel” is continuing into the December quarter. However, Delta anticipates full-year profit of $6 to $6.25 per share, ♔after previously projecting a range of $6 to $7, as higher fuel prices crimp earnings. 

Shares of Delta Air Lines were 2% lower in early trading as of 10:45 a.m. ET on Thursday, but they remained in positive territory for 2023. 

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