Delta Air Lines: revenues up, driven by international and business travel

Avatar photo

Delta Air Lines again obtained quarterly revenues at a record levelenjoying this summer a international leap and a resumption of business travel.

In the third quarter, its operating revenues reached 15.5 billion, 14.6 billion adjusted, against however 14.54 billion expected. Its net profit grew 59% to $1.11 billion.

For the full year, the American airline expects an increase of around 20% in its turnover, an operating margin of around 11.5% and a net profit per share excluding exceptional items from 6 to 6.25 dollars. It also expects a pre-tax profit of more than five billion dollars, almost doubled over one year.

This ” Robust demand for Delta travel continues into fourth quarter », declared Glen Hauenstein, president of the American airline group. “Trends both nationally and internationally correspond to the situation in the third quarter on an annual basis“, he continued, nevertheless expecting a ” modest deceleration » in Asia-Pacific and Latin America due to the increase in capacity offered.

In the United States, the demand is “ stable » although Delta Air Lines has seen growth from Boston and New York on the northeast coast. And ” business travel continues to improve thanks to corporate initiatives to encourage the return to offices “.

John Walker Avatar