remained "very, very healthy," contributing to the company's second-highest earnings performance behind Q2 2023. However, he acknowledged that some consumers are becoming more price-sensitive."Our second quarter was really strong," Bastian said. "As we look into the third quarter we see another strong quarter. The domestic marketplace is where a little bit of the price sensitivity is starting to take hold, and it’s in the lower fare buckets.
Delta stock was almost 8% lower in pre-market trading on Thursday. Year to date, shares of the airline operator are up more than 16%.Despite the higher pace of travel, ticket prices are down, which could lead to a deceleration in margin growth for the airline industry.Heading into the peak summer travel season, US airfare prices declined by 5.9% in May compared to a year prior.
"While that region has been ... a bit slow to recover from COVID over the last couple of years, it's been recovering quite well," Bastian said. "We're happy with that because we realize that those are markets our market share opportunities are pretty important to us, and we want to capitalize on them."
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