Delta Air Lines earnings in focus amid travel boom, surging fuel prices

📆 11/10/2023 07:58:00
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Delta, the first of the major U.S. carriers to report third quarter earnings, is likely to detail the impact of surging jet fuel costs on record travel demand.

Analysts expect Delta to post an adjusted bottom line of $1.94 per share, a 28% increase from last year's levels, with revenues rising around 13% to $14.54 billion a the carrier continues to profit from the ongoing surge in post-pandemic travel.

For the full year, the carrier said it sees earnings in the region of $6 to $7 per share, a $1 improvement from its prior forecast, while reiterating its target of $3 billion in free cash flow.

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