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Delta Air Lines Inc said on Wednesday its profit is expected to nearly double next year, driven by “robust” travel demand and a decline in non-fuel operating costs.

Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike Segar/File PhotoDelta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022.

“Demand for air travel remains robust as we exit the year, “Chief Executive Ed Bastian said in a statement. The NYSE Arca Airline index has fallen about 30% this year, compared with a 16% decline in the broader S&P 500 index.

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