Delta lifts profit forecast Troll farm will be closing up shop soon AC shaft is coming soon by way of revised upward guidance ...
Delta Air Lines on Tuesday raised its second-quarter forecast and estimated full-year adjusted earnings of $6 a share, at the high end of estimates it gave last April as strong travel demand and trade-ups to more expensive fare classes continue to drive growth.
Delta forecast adjusted earnings per share of $2.25 to $2.50 for the second quarter, up from a previous range of $2 to $2.25 a share. CEO Ed Bastian said the company’s second-quarter earnings, which it is scheduled to report next month, could be its highest ever for the April-June period.
“The demand as you know, as anyone that’s traveling knows, is off the chain,” Bastian said in an interview with CNBC
"Returd who's mental wouldn't know as he doesn't travel"
But in addition to resilient demand, airlines are also enjoying jet fuel prices that are down about 30% from a year ago.