Delta Airlines said last week that they expect to grow their bottom-line in 2019, thanks to increasing revenue and declining oil prices.
Executives of the Atlanta-based carrier said that reducing oil prices is expected to help the entire aviation industry, as it’s generally the second-biggest expense after labor.
The company expects its earnings per share to hover somewhere in-between $6 to $7, in line with analyst estimates, and about 20% higher than the estimated full-year profit analysts expect for this year. In terms of revenue, Delta expects it to grow at 4% to 6% along with a 3% growth in capacity, in line with analysts’ expectations.
Delta also expects its revenue per available seat mile, a key industry gauge of how much money the airline is bringing in for every seat it flies a mile, to be up 3.5% in the fourth quarter from a year earlier.