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Delta more than doubles fourth-quarter profit, but trims 2024 earnings forecast - TL;DR CNBC

Delta more than doubles fourth-quarter profit, but trims 2024 earnings forecast

Publishing timestamp: 2024-01-12 11:10:19


Summary

Delta Air Lines closed out 2023 with a strong fourth-quarter profit, driven by high travel demand, particularly for international trips. CEO Ed Bastian stated that continued strong travel demand could boost earnings this year. However, the company's full-year profit outlook was below expectations, leading to a decline in its stock price. Delta expects revenue in the first quarter of 2024 to increase, but the airline industry is facing challenges such as higher costs and supply chain issues.


Sentiment: MIXED

Tickers: ALKUALBADAL

Keywords: marketsbusinesstransportationbreaking news: businessdelta air lines incunited statesbusiness newsalaska air group incunited airlines holdings incearningsbreaking news: marketstravelairlinesaerospace and defense industrylifeed bastianboeing co

Source: https://www.cnbc.com/2024/01/12/delta-air-lines-dal-q4-2023-earnings.html


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