Airlines Dive On Delta’s Outlook
With travel demand remaining robust, airline investors are hoping for some pretty incredible results. However, Delta’s quarterly numbers and outlook today caused many to rethink their expectations for what’s ahead. 🤔
The company’s adjusted earnings per share of $1.28 on $13.66 billion in revenues topped the expected $1.17 and $13.52 billion. Revenues were up 6% YoY, driven by strong international travel demand that’s helped offset an oversupply of domestic flights. 🔺