Delta Air Lines Is Gaining Momentum
A year ago, most investors believed that global network airlines like Delta Air Lines (NYSE: DAL) would face a long slog to return to profitability after the COVID-19 pandemic. Many thought that their profitability would never return to the heights achieved in 2019.
At a recent investor conference, CEO Ed Bastian painted a far more optimistic picture of Delta's recovery progress and medium-term prospects. In fact, he argued that the company could be posting record profits by 2023.
In conjunction with the conference presentation, Delta Air Lines bumped up its second-quarter guidance. The airline now expects to generate adjusted revenue of $6 billion to $6.2 billion: near the high end of its previous forecast for revenue to decline 50% to 55% from Q2 2019's level.
Source Fool.com
