{"id":124745,"date":"2022-04-13T19:30:00","date_gmt":"2022-04-13T19:30:00","guid":{"rendered":"https:\/?p=124745"},"modified":"2022-04-13T22:09:52","modified_gmt":"2022-04-13T22:09:52","slug":"delta-forecasts-return-to-profit-in-current-quarter","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2022\/04\/delta-forecasts-return-to-profit-in-current-quarter.html","title":{"rendered":"Delta forecasts return to profit in current quarter"},"content":{"rendered":"\n

Delta Air Lines <\/strong>on Wednesday forecast returning to profit in the current quarter, after posting a smaller-than-expected quarterly loss, on the back of a booming travel demand, sending its shares higher.<\/p>\n\n\n\n

The company said robust consumer demand not only translated into a \u201csolid\u201d profit in March, but is also allowing it to offset soaring fuel costs with higher fares.<\/p>\n\n\n\n

\u2192 Delta to Increase Frequencies Between Los Angeles and Sydney.<\/a><\/strong><\/em><\/p>\n\n\n\n

As a result, Delta said it expects to post a \u201cmeaningful\u201d profit this year. In the quarter through June, it estimates to generate an adjusted operating margin in the range of 12% to 14% and \u201cstrong\u201d free cash flow. Company revenue in the quarter is forecast to increase by about 14-18 points from a quarter ago.<\/p>\n\n\n\n

\u201cThe demand environment that we have today is at a historic high,\u201d Chief Executive Officer Ed Bastian told Reuters<\/a> in an interview. \u201cThe last five weeks have been the strongest period of bookings that Delta has ever seen in our history.\u201d<\/p>\n\n\n\n

After a speed bump caused by the Omicron coronavirus variant, travel demand has roared back. U.S. passenger traffic has been averaging about 89% of the pre-pandemic levels since mid-February, according to Transportation Security Administration (TSA) data.<\/p>\n\n\n\n

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