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Delta Air Lines expects profit in 2022 on strong holiday demand -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO A Delta Airlines passenger plane approaches LAX, Los Angeles, California (USA), April 7, 2021. REUTERS/Mike Blake/File photo

(Reuters) –Delta Air Lines Inc stated Wednesday that it anticipates being profitable in 2022. This is despite the fact that Omicron virus cases have risen, which has led to a reimpositioning of travel restrictions around the globe.

Company stated that it expected to make an adjusted pre-tax profit in excess of $200 million for the December quarter

In October, the carrier had reported a fourth-quarter pretax loss due to higher fuel prices. Now, it expects fuel costs per gallon to be between $2.20 – $2.30 as opposed to the earlier forecast of $2.25 – $2.40.

The Atlanta-based airline saw a 450% increase in international bookings over the past six weeks, since September 20, when the United States announced it would be reopen to fully-vaccinated travelers.

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