Higher labor costs dent Delta's profit forecast but travel demand is still strong
Publishing timestamp: 2023-01-13 11:33:30
Summary
Delta Air Lines reported fourth-quarter profit and revenue that exceeded expectations, but shares fell on the carrier's outlook for the first quarter. Delta said it expects to earn 15 cents to 40 cents per share on an adjusted basis in the first quarter of 2023, below what analysts expected. The airline's pilots union is reviewing a contract proposal this week that includes raises topping 30% over four years. American Airlines and Southwest Airlines are scheduled to report their earnings on Jan. 26.
Sentiment: POSITIVE
Keywords: life, politics, aerospace and defense industry, business, travel, earnings, airlines, southwest airlines co, business news, markets, delta air lines inc, ed bastian, transportation, american airlines group inc, breaking news: business,
Source: https://www.cnbc.com/2023/01/13/delta-air-lines-dal-earnings-q4-2022.html