"Delta's Robust Performance Defies Industry Challenges"

1 min read
Source: CNN
"Delta's Robust Performance Defies Industry Challenges"
Photo: CNN
TL;DR Summary

Delta Air Lines reported strong earnings in the first quarter, with adjusted earnings up 75% from a year earlier and revenue reaching a record $12.6 billion despite a slip in average revenue per mile. The airline expects record revenue in the second quarter but predicts thinner profit margins due to flat to lower fares and rising costs. Delta has been less affected by Boeing's issues compared to its rivals, and CEO Ed Bastian highlighted strong demand for future travel despite rising safety concerns. The airline has not taken delivery of a Boeing jet since 2019 and remains uncertain about when it will receive the 737 Max 10 jets it ordered.

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