Delta's summer outlook disappoints as industry's flight glut drives down fares
Publishing timestamp: 2024-07-11 10:34:33
Summary
Delta reported record revenue for the second quarter, but its net income fell 30%. The carrier reiterated its full-year adjusted earnings forecast, but its projection fell short of analysts' estimates due to increased industry capacity and lower fares. Delta expects record revenue for the third quarter, but analysts are concerned about oversupply in the U.S. air travel market. Despite the challenges, Delta remains one of the most profitable carriers in the industry.
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Source: https://www.cnbc.com/2024/07/11/delta-air-lines-dal-earnings-q2-2024.html