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Delta Air Lines expects to return to a profit this quarter thanks to a jump in bookings — and fares — that are helping offset soaring fuel costs.
The company’s shares gained 6% on the day, while rivals American Airlines and United Airlines, which both report results next week, gained more than 10% and more than 5%, respectively.
Delta said Wednesday it expects unit revenues to rise double digits during the second quarter compared with 2019 and that sales overall will be recovered to as much as 97% of sales generated three years ago before Covid devastated travel demand.
In March, Delta logged the highest bookings in its history, CEO Ed Bastian told CNBC’s “Squawk Box” on…
Source cnbc.com
