Delta Expects Profit to Nearly Double Next Year on “Robust” Air Travel Demand Written 15 December 2022
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A Delta Air Lines Boeing 767 at JFK International Airport | Quintin Soloviev; Wikipedia; CC BY-SA 4.0
Reuters reports that Delta Air Lines just announced that it expects almost doubled profits in the coming year, due to strong demand and reduced “non-fuel operating costs.” Delta expects fourth-quarter revenue to be “7%-8% higher than the same period in 2019.” Delta sees non-fuel costs down “by as much as 7% in 2023 as the company expects to fully restore its network to pre-pandemic level, resulting in a better utilization of its resources.” Delta CEO Ed Bastian said, “Demand for air travel remains robust as we exit the year.”
Full Story (Reuters)