Business

Delta Air Lines expects profit in 2022 due to strong holiday demand

FILE PHOTO: A Delta Airlines passenger jet prepares to land at LAX in Los Angeles
FILE PHOTO: A Delta Airlines passenger jet approaches to land at LAX in Los Angeles, California, U.S., April 7, 2021. REUTERS/Mike Blake/File Photo

December 16, 2021

(Reuters) – Delta Air Lines Inc on Thursday said it expects to be profitable in 2022, betting on strong holiday demand even as increased cases caused by the Omicron variant of the coronavirus have led to resetting travel restrictions around the world.

The company said it expected to generate adjusted pre-tax profit of $200 million in the December quarter

In October, the carrier reported a pre-tax loss for the fourth quarter due to rising fuel costs. It now projects fuel costs per gallon between $2.20 and $2.30, down from $2.25 to $2.40 previously forecast.

In November, the Atlanta-based carrier saw a 450% increase in international bookings in the six weeks from September 20 when the US said it would reopen to travelers who had already booked. fully vaccinated.

(This story corrects to “Thursday”, not “Wednesday” in the first paragraph)

(Reporting by Aishwarya Nair in Bengaluru; Editing by Vinay Dwivedi)

https://www.oann.com/delta-air-lines-expects-profit-in-2022-on-strong-holiday-demand/?utm_source=rss&utm_medium=rss&utm_campaign=delta-air-lines-expects-profit-in-2022-on-strong-holiday-demand Delta Air Lines expects profit in 2022 due to strong holiday demand

Bobby Allyn

USTimeToday is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimetoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button