CHICAGO (Reuters) – Delta Air Lines raised its full-year profit forecast on Thursday, after beating Wall Street expectations in the second quarter on the back of a surge in travel since the end of the coronavirus pandemic. COVID-19.
Delta now expects adjusted earnings of $6 to $7 (5.37 to 6.27 euros) per share this year, down from a previous forecast of $5 to $6 per share.
The company reported second-quarter adjusted earnings of $2.68 per share, higher than analysts’ estimate of $2.40 per share, according to Refinitiv data.
The company estimates that earnings will be in the range of $2.20 to $2.50 per share in the quarter to the end of September.
After this publication, the title of Delta Air Lines gained 4% in pre-market trading, and led in its wake to the rise of American Airlines, United Airlines and Southwest Airlines.
In an interview, Delta General Manager Ed Bastian said bookings are expected to follow a seasonal pattern, with a drop expected after Labor Day on September 4 and back to school, noting however that the overall demand remains “quite strong”.
“We are going to see continued strong international growth in all countries,” he said.
(Report Rajesh Kumar Singh; French version Victor Goury-Laffont, edited by Kate Entringer)
Copyright © 2023 Thomson Reuters