{"id":113505,"date":"2021-07-14T20:30:00","date_gmt":"2021-07-14T20:30:00","guid":{"rendered":"https:\/?p=113505"},"modified":"2021-07-14T22:18:57","modified_gmt":"2021-07-14T22:18:57","slug":"delta-reports-first-quarterly-profit-since-pandemic-began","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2021\/07\/delta-reports-first-quarterly-profit-since-pandemic-began.html","title":{"rendered":"Delta reports its first quarterly profit since the pandemic began."},"content":{"rendered":"\n

Delta Air Lines<\/strong> on Wednesday posted its first quarterly profit since the coronavirus pandemic began, boosted by U.S. government aid and a vaccination-led travel rebound, and said it expected to remain profitable for the rest of the year.<\/p>\n\n\n\n

See also: <\/em><\/strong>Delta launches flights to Dubrovnik, Croatia.<\/em><\/a><\/p>\n\n\n\n

Net income reached $652 million, or $1.02 per share, in the three months to June 30, helped by billions of dollars in government aid for U.S. airline workers\u2019 salaries as well as a strong rise in quarterly revenues, which topped analyst estimates, Reuters<\/a> reported.<\/p>\n\n\n\n

\u201cTravelers are reclaiming their lives and returning to the skies,\u201d Delta Chief Executive Ed Bastian told investors, while saying the company was mindful of the risks that new COVID-19 variants pose to the recovery.<\/p>\n\n\n\n

See also: <\/em><\/strong>Delta Flight Museum reopens in July.<\/em><\/a><\/p>\n\n\n\n

\u201cDomestic leisure travel has fully recovered to 2019 levels, and there are encouraging signs of improvement in business and international travel,\u201d Bastian said.<\/p>\n\n\n\n

Delta\u2019s second-quarter adjusted operating revenue fell 49% from 2019 to $6.35 billion, a marked improvement from the 60.4% slump in the first quarter and above analysts\u2019 average estimate of $6.22 billion.<\/p>\n\n\n\n

Excluding items such as government payroll support, the company lost $1.07 per share in the second quarter.<\/p>\n\n\n\n

Delta said it hired several thousand people during the quarter and continues hiring.<\/p>\n\n\n\n

Looking ahead, Delta said it expects adjusted operating revenue for the September quarter to be down 30% to 35% from two years ago, with the midpoint at $8.47 billion, above a Refinitiv-IBES estimate of $8.23 billion.<\/p>\n\n\n\n

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