Delta Air Lines forecasts pretax quarterly profit as travel demand, fares increase
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Delta Air Lines operates an Airbus A330-323 plane.
Benoit Tessier | Reuters
Delta Air LinesThe company stated that the Fourth Quarter’s travel demand was rising along with airfares, and it anticipates a pretax profit in excess of $200 Million for the remaining three months.
Atlanta’s airline said it expects its fourth quarter revenue to be 26% lower than 2019 when it made $11.44 billion. This was in a securities filing, which it filed before it held the first investor day.
Premarket trading saw shares rise by about 2%, beating other carriers.
This is a developing story. Keep checking back for more updates.
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