Delta Eyes Profit Beat Ahead of Crucial Summer Travel Season
- CEO sees no signs of slowdown in demand for air travel
- Carrier’s cost to fly each seat a mile rose more than expected
A Delta Air Lines plane at a gate at the Bill and Hillary Clinton National Airport in Little Rock, Arkansas.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
Delta Air Lines Inc. sees profit this quarter topping Wall Street’s estimates, buoyed by steady bookings heading into the crucial summer travel season, even as it posted weaker-than-expected results for the first months of the year.
Adjusted second-quarter earnings will be $2 to $2.25 a share, the Atlanta-based airline said in a statement Thursday. That compares with a $1.61 analyst consensus estimate compiled by Bloomberg.