Delta Air Lines said Thursday that it had high hopes for the last three months of the year after ending the busy summer season with a healthy profit.
The airline reported a $695 million profit over the three months that ended in September, despite rising costs and Hurricane Ian’s disruptions to travel. Still, Delta’s third-quarter result was less than half the profit it reported during the same period in 2019.
The airline reported record revenue for the third quarter, after making some financial adjustments. That adjusted revenue was up 3 percent compared with the same three months in 2019, while Delta expects revenue in the final three months of the year to be up 5 to 9 percent from the same period in 2019.
“The travel recovery continues as consumer spend shifts to experiences and demand improves in corporate and international,” Ed Bastian, Delta’s chief executive, said in a statement. “In this environment, we expect December quarter revenue growth to accelerate versus 2019 with an operating margin of approximately 10 percent.”
Delta Earnings Are Solid as Airline Signals Optimism on Travel Demand
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