Delta Air Lines said it sees the ongoing travel boom extending into the end of the year, but cautioned that higher fuel costs will dent profit margins.
shares moved higher in pre-market trading after the carrier posted stronger-than-expected third quarter earnings and said the current travel demand surge continuing into the holiday season.
Looking into the final months of the year, Delta said its sees revenue growth of between 9% and 12% with earnings in the range of $1.05 to $1.30 per share. "Thanks to the outstanding work of our entire team, Delta delivered record September quarter revenue and a double-digit operating margin,: said CEO Ed Bastian."Our operational reliability continues to strengthen, thanks to our people, and I'm pleased to recognize their outstanding efforts with over $1 billion accrued year-to-date towards profit sharing."
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