Delta Air Lines posts $1.11 billion profit for the third quarter and sees strong holiday bookings
Delta Air Lines says it made $1.11 billion in the third quarter, thanks to planes that were packed with travelers this summer
By DAVID KOENIG
Published - Oct 12, 2023, 06:33 AM ET
Last Updated - Oct 12, 2023, 06:33 AM EDT
Planes packed with summer travelers boosted Delta Air Lines to a $1.11 billion profit in the third quarter, and the carrier said Thursday that it expects revenue to keep rising into the holiday season.
Profit was up 59% from a year earlier, as strong ticket sales — especially for premium seats and international flights — helped Delta shrug off higher labor costs.
The Atlanta-based airline predicted ranges for fourth-quarter and full-year profit that mostly exceed Wall Street expectations.
“I think we’re closing the year strong, and the holiday bookings that we see right now are pretty good,” CEO Ed Bastian said in an interview. “Domestic (travel) is solid, and international is really strong.”
