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Delta Air Lines forecasts pretax quarterly profit as travel demand, fares increase

Delta Air Lines forecasts pretax quarterly profit as travel demand, fares increase

An Airbus A330-323 aircraft, operated by Delta Air Lines.

Benoit Tessier | Reuters

Delta Air Lines said travel demand in the fourth quarter is rising, along with airfares and that it expects to post a pretax profit of about $200 million for the last three months of the year.

The Atlanta-based airline expects fourth-quarter revenue to come in 26% below 2019 levels when it brought it $11.44 billion, it said in a securities filing ahead of its first in-person investor day since before the pandemic.

Shares were up about 2% in premarket trading, ahead of other carriers.

This story is developing. Please check back for updates.

By : ILIAS ELABDI Date : December 16, 2021 Category : Travel News & Insights Comments :

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