Delta expects 2023 earnings to nearly double thanks to 'robust' travel demand

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Delta expects its adjusted earnings to nearly double to as much as $6 per share next year, above analysts' estimates.

The airline expects 2023 adjusted EPS of up to $6.Follow your favorite stocksDelta Air Lines Airbus A330-300 landing at Athens International Airport AIA ,LGAV / ATH Eleftherios Venizelos, with registration N806NW, a former Northwest Airlines Airplane.The airline expects its adjusted earnings to nearly double to as much as $6 per share next year, above analysts' estimates. It forecast a 15% to 20% jump in revenue next year from this year, which is expected to bring in roughly $45.5 billion.

Free cash flow will likely rise from more than $2 billion next year to more than $4 billion in 2024, a sharp turnaround from 2020 when Delta posted a record loss"Demand for air travel remains robust as we exit the year and Delta's momentum is building," Delta CEO Ed Bastian saidThe U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We need to encourage productivity, not hamper opportunity. Pills. Bring them back to Michigan. Support Growth. STEM, not dumb down indoctrination. gov gov least. I could go on. It's obvious. Don't be a tool of the octogenarian fascists. They go in the next flue. It's only money

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines