Delta sales guidance disappoints, CEO says airline expects lower demand around the election
Publishing timestamp: 2024-10-10 10:31:18
Summary
Delta Air Lines expects to grow earnings in the fourth quarter despite revenue hit from lower demand around the U.S. election. The company is seeking compensation for the CrowdStrike outage that cost it $380 million in revenue. Delta's net income rose 15% in the third quarter, and the airline plans to expand capacity in the final quarter of the year.
Sentiment: MIXED
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Source: https://www.cnbc.com/2024/10/10/delta-air-lines-dal-3q-2024-earnings.html