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Delta Air Lines fourth-quarter profit and revenue topped expectations on Friday thanks to a strong finish to last year, but shares fell on the carrier’s outlook for the first quarter.
Delta said it expects to earn 15 cents to 40 cents a share on an adjusted basis in the first quarter of 2023, below what analysts expected.
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The airline said its sales will likely increase 14% to 17% over the same quarter of 2019, with capacity down 1% from four years earlier, but that higher costs will likely weigh on profits But it said unit costs, stripping out fuel, will likely increase 3% to 4% from 2022, including for labor and rebuilding its network.
Delta’s pilots union is
Source cnbc.com
