Delta expects to return to profitability amid high travel demand
The airline reported a loss of $940 million in the first quarter
By Shubhangi Mathur
Published - Apr 14, 2022, 02:11 AM ET
Last Updated - Feb 21, 2024, 03:26 PM EST
Delta Air Lines Inc (NYSE: DAL) said on Wednesday that high travel demand would help the airline combat soaring oil prices.
On Wednesday, the airline reported a loss of $940 million in the first quarter and expects returning to profitability in the second quarter.
Delta Chief Executive Ed Bastian said travel demand has soared in the country despite rising inflation and high air fares.
“We are seeing an historic level of sales activity and booking volumes at levels higher than we’ve ever seen in our history,” Bastian said, reported WSJ.
