Delta Air Lines Soars to $2 Billion Quarterly Profit, CEO Confident in Strong 2024 Outlook
Delta Air Lines reported a $2 billion profit in the fourth quarter, with record full-year revenue, but lowered its profit forecast for 2024. The airline plans to purchase 20 Airbus A350s and has options for 20 more, aiming to cater to high-end travelers. Despite a 7% drop in shares, Delta remains optimistic about travel demand and expects a strong 2024. The company's fourth-quarter net income more than doubled, driven by increased passenger revenue and spending on premium services, while facing challenges such as decreased revenue from its refinery and higher labor costs.