Delta Air Lines Soars with $2 Billion Quarterly Profit Despite Trimming 2024 Forecast

Delta Air Lines doubled its fourth-quarter profit due to strong travel demand, particularly for international trips, but trimmed its 2024 earnings forecast to between $6 and $7 per share, below its previous prediction of over $7. The company's stock fell 5% in premarket trading as a result. Despite the positive outlook for travel demand, Delta faces challenges with the aerospace supply chain for parts and repairs, and the airline industry was recently rocked by an incident involving a Boeing 737 Max 9. Delta also announced an expected order for 20 wide-body Airbus A350-1000 aircraft, with deliveries starting in 2026.