Delta Air Lines Forecasts Strong Summer Travel Despite Q1 Losses.
TL;DR Summary
Delta Air Lines reported Q1 2023 earnings that missed expectations, but CEO Ed Bastian said the company was "quite pleased" with the results, which were in line with guidance. The quarter saw the 10 highest cash sales days in Delta's history as passenger volumes eclipsed pre-pandemic levels for the entirety of the first quarter. TSA passenger volumes averaged above pre-pandemic markers, and travel industry executives maintain that demand is here to stay. Delta stock rose 4% in premarket trading on Thursday.
- Delta CEO on earnings miss: 'We were quite pleased' Yahoo Finance
- Delta Air Lines reports record bookings for summer travel CNN
- Delta Air Lines posts quarterly loss but forecasts profit as peak travel season approaches CNBC
- Delta Reports Quarterly Loss, Projects Strong Summertime Travel The Wall Street Journal
- Delta misses estimates on top and bottom line in Q1 earnings CNBC Television
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