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