Delta Air Lines 4Q earnings above expectations on strong demand

Delta Air Lines 4Q earnings above expectations on strong demand

(Tiper Stock Exchange) – Delta Air Linesa major US airline, has registered adjusted revenue of 12.3 billion dollars in fourth quarter of 2022, 8% more than in the December 2019 quarter (the last one pre-pandemic). L’operational profit adjusted was $1.4 billion, with an operating margin of 11.6%. L’adjusted profit it was $1.48 a share, above analyst expectations of $1.33 a share.

“As we approach 2023, the Industry environment for air travel remains supportive and Delta is well positioned to deliver significant earnings and cash flow growth,” said CEO Ed Bastian. “We expect to grow 2023 revenue 15 to 20% and improve unit costs year-over-year, supporting an earnings outlook. for the full year at $5 to $6 per share and keeping us on track to achieve more than $7 per share in 2024.”

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