Delta posts record quarterly earnings, hikes full-year outlook on travel boom
Publishing timestamp: 2023-07-13 10:25:06
Summary
Delta Air Lines reported record revenue and earnings for the second quarter, driven by strong international travel demand and lower fuel costs. The company also raised its earnings forecast for 2023 and expects continued growth in travel bookings. Delta's performance sets an upbeat tone for the rest of the year, with United Airlines and American Airlines scheduled to report next week. The airline saw particularly strong revenue growth in trans-Atlantic travel and premium ticket sales. Overall, Delta's net income for the quarter was $1.83 billion, up from $735 million in the same period last year.
Sentiment: POSITIVE
Keywords: markets, life, transportation, travel, breaking news: business, airlines, business news, earnings, economy, breaking news: markets, united airlines holdings inc, business, delta air lines inc, breaking news: economy, aerospace and defense industry, american airlines group inc,
Source: https://www.cnbc.com/2023/07/13/delta-air-lines-dal-2q23-earnings.html