“Delta Air Lines profit jumps almost 60% after strong summer”
October 12, 2023
“Delta Air Lines’ profit rose nearly 60% in the third quarter as strong travel demand continued through the summer, particularly for international trips, though the carrier forecast full-year earnings toward the low end of an earlier estimate after a jump in fuel prices.
In its quarterly report Thursday, Delta said it expects adjusted, full-year earnings of $6 to $6.25 a share, after forecasting $6 to $7 a share in July. Delta cut its free cash flow estimate for the year to $2 billion from the $3 billion it forecast in the summer.
Delta said that it expects solid travel demand in the last three months of the year, estimating revenue will rise 9% to 12% from the same quarter of 2022, with per-share earnings of $1.05 to $1.30, in line with estimates…”
https://www.cnbc.com/2023/10/12/delta-air-lines-dal-q3-2023-earnings.html