Delta Air Lines Reports Robust Quarter Results Amidst High Demand and Favorable Fuel Costs

Delta Air Lines has reported its quarter results, showing a positive outlook for the airline industry as it recovers from the pandemic.

The airline said that it had a net income of $652 million, compared to a net loss of $5.7 billion in the same period last year. It also said that its revenue was $7.1 billion, up 385% from last year, but still 43% lower than 2019.

Delta attributed its improved performance to several factors, including continued strong demand from leisure travelers, increased sales of premium seats, lower fuel costs and reduced expenses.

“Thanks to the incredible work of our entire team, Delta is delivering for our customers by providing strong operational performance and best in class service during this busy summer period,” said Ed Bastian, the airline’s CEO.

Bastian also expressed optimism about the future of business travel, which has been slower to recover than leisure travel. He said that he expects corporate demand to pick up in the fall, as more companies resume their activities and events.

“I think the corporate demand for travel is going to start to pick up a bit more… and this new hybrid work pattern that we see, that’s not going away so potentially any weekend could be a long weekend,” he said.

Delta also said that it is confident that it can manage the impact of the Delta variant of the coronavirus, which has caused a surge in cases in some parts of the world. The airline said that it has not seen any significant changes in its bookings or cancellations due to the variant, and that it is continuing to enforce its mask policy and vaccination program for its employees and customers.

Sources: AirGuide Business airguide.info, msn.com, delta.com