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Top related persons:
Daniel McKenzie - 1 Stephen Trent - 1 Rajesh Kumar Singh - 1 Shivansh - 1 Jamie Freed - 1 Arun Koyyur - 1
Top related locs:
Atlanta U.S North America
Top related orgs:
Delta Air Lines - 1 Delta - 1 Seaport Research Partners - 1 Citi - 1 Thomson - 1

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3 mentions found


☆ Delta lifts profit view on strong travel demand, lower fuel costs
  + stars: | 2023-06-27 | by ( Rajesh Kumar Singh | ) www.reuters.com   time to read: +2 min
CHICAGO, June 27 (Reuters) - Delta Air Lines (DAL.N) said on Tuesday it expects full-year profit per share at the high-end of its prior forecast on sustained travel demand. Shares rose about 1% in premarket trading as the Atlanta-based carrier also lifted its expectation for annual free cash flow ahead of its investor day. But with no let-up in travel demand, mainly for overseas trips and a moderation in fuel costs, analysts have revised upwards Delta's profit estimates. In a sign of growing confidence in its ability to generate free cash flow, Delta this month reinstated its quarterly dividend, which it had suspended in March 2020 during the pandemic. The company raised its free cash flow outlook for 2023 to $3 billion compared to more than $2 billion that it had forecast earlier.
Persons: Daniel McKenzie, Stephen Trent, Rajesh Kumar Singh, Shivansh, Jamie Freed, Arun Koyyur Organizations: Delta Air Lines, Delta, Seaport Research Partners, Citi, Thomson Locations: Atlanta, U.S, North America
☆ Delta Air Lines misses profit target as winter storm drives up costs
  + stars: | 2023-04-13 | by ( Rajesh Kumar Singh Aishwarya Nair | Rajesh Kumar Singh | Aishwarya Nair | ) www.reuters.com   time to read: +3 min
CHICAGO, April 13 (Reuters) - Delta Air Lines (DAL.N) on Thursday posted weaker-than-expected earnings in the first quarter, hit by a severe winter storm that drove up operational expenses for the carrier. CEO Bastian said on a post earnings call that Delta expects to bring down non-fuel costs in the second half of the year. For the June quarter, Delta expects its revenue to rise 15% to 17% from a year earlier on capacity growth of 17%. "We're growing supply at that level and not seeing a deterioration in the overall revenue," Bastian said. Delta expects an adjusted profit of $2.00 to $2.25 per share in the second quarter, with an operating margin of 14% to 16%.
☆ Economic worries loom over U.S. airline earnings
  + stars: | 2022-10-12 | by ( Rajesh Kumar Singh | ) www.reuters.com   time to read: +4 min
Travel demand tends to cool after Labor Day, which marks the unofficial end of the U.S. summer season. Britain's biggest airport, Heathrow, on Tuesday warned of a possible slowdown in travel demand this winter. As companies call their employees back to office, business travel demand has received a boost. Prior to the pandemic, business travel accounted for up to 50% of the U.S airline industry's passenger revenue, according to trade group Airlines for America. "We're looking at business travel," Christopher Raite, senior analyst at Third Bridge, said.
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