Transportation
Delta Expects Higher Profit as Strong Travel Demand Carries Into Summer
- Carrier also boosts expectations for free cash flow, margin
- International travel on pace for record summer, company says
Delta predicted a record summer for overseas travel.
Photographer: Nathan Howard/BloombergThis article is for subscribers only.
Delta Air Lines Inc. modestly boosted its 2023 earnings expectations as it capitalizes on a recovery in travel demand even as free cash flow remains below pre-pandemic levels.
Adjusted profit for the year will be at the high end of its prior guidance of $5 to $6 a share, Delta said in a regulatory filing Tuesday ahead of an investor presentation. The carrier was expected to earn $5.81 a share, the average from estimates compiled by Bloomberg.