ULCC - Delta Air Lines' Profit Skyrocketed As Travel Demand Stays Strong | Benzinga
With its latest reported quarter, the results of Delta Air Lines (NYSE: DAL) reflected a strong travel demand during the summer that fueled a nearly 60% profit rise. However, the carrier guided for full-year earnings toward the low end of an earlier estimate due to an increase in fuel prices. United Airlines Holdings Inc (NASDAQ: UAL) and American Airlines Group (NASDAQ: AAL) are due to report their quarterly results this week.
Third Quarter Highlights
For the quarter that ended on September 30th, Delta made a revenue of $14.55 billion as sales rose 13% YoY but still coming a little short of the $14.56 billion expected. Trans-Atlantic travel particularly stood out among strong international travel demand but the airline did feel a ...