2024-02-06 23:16:42 ET
Summary
- Delta Air Lines had a strong fourth quarter, beating analyst estimates and generating revenues of $58 billion for the full year.
- International travel is making a comeback, with record margins and profits in the fourth quarter, and DAL expects sustained demand in the future.
- Corporate travel and premium products are also experiencing growth, with double-digit year-over-year growth in corporate sales and strong demand for premium seats.
Investment Thesis
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Delta Air Lines: Strong Tailwinds For The Long Term