Delta Tops Q4 Profit Estimates With Strong Travel Demand, Sees Growth Into 2025

Delta Tops Q4 Profit Estimates With Strong Travel Demand, Sees Growth Into 2025

Delta Air Lines Inc. surpassed Wall Street's profit expectations for the fourth quarter, driven by robust international and corporate travel demand. CEO Ed Bastian cited a favorable supply-demand balance and strong demand visibility into spring 2025. Corporate travel sales grew 10, led by technology and financial sectors, while international travel revenue increased 6. Premium products outperformed coach cabin revenue growth by six percentage points. Payments from American Express for loyalty points rose 14 to $2 billion. Shares rose 3.7 following the report, adding to a 50 gain in 2024.


User: Benzinga

Views: 185

Uploaded: 2025-01-11

Duration: 00:45

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