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Delta Stock Takes Off on Earnings Beat. ‘Robust Demand’ Lifts More Airlines Too.

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Delta Air Lines reported earnings of $2.03 a share on revenue of $14.6 billion in the third quarter, firmly beating analyst expectations.

Delta Air Lines stock was rising Thursday as the first of the “big four” U.S. carriers reported earnings ahead of expectations, with a strong demand outlook and steady view on fuel costs adding to the good news.

“Robust demand for travel on Delta is continuing into the December quarter where we expect total revenue growth of 9 percent to 12 percent compared with the December quarter 2022,” said Glen Hauenstein, Delta’s president.

 

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Delta Stock Takes Off as Earnings Beat. ‘Robust Demand’ Lifts More Airlines Too.Delta Air Lines reported earnings of $2.03 a share on revenue of $14.6 billion in the third quarter, firmly beating analyst expectations.
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