Delta Air Lines positive after good quarter

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Delta Air Lines achieved good results in the first three months of the year. The sales of the Air France-KLM partner increased slightly more than the American airline expected earlier this month. Strong demand for the somewhat more expensive tickets gave the company a helping hand. Delta adjusted the revenue forecast for the entire year upwards.

Turnover in the reporting period amounted to 10.5 billion dollars, an increase of 7.5 percent. Delta said it expected a 7 percent increase last week when it announced passenger records. The profit amounted to $ 730 million, compared to $ 557 million in the same period last year.

Delta expects revenue growth of between 6 and 8 percent for the second quarter. For the whole of 2019, Delta is now thinking of revenue growth of 7 percent, whereas the company previously assumed an increase of 5 percent. Unlike many American competitors, Delta does not have Boeing 737 MAX aircraft in its fleet. Society therefore has no problems keeping those planes on the ground.

About the author

Maurice Eisma

Maurice Esma, a co-founder of EconomicInform is a freelance journalist with the expertise in international finance and corporate rights. The author can be reached by email [email protected]

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