Delta Airlines posted second quarter earnings that missed analysts’ expectations.
The carrier’s adjusted earnings came in at $1.44 per share for the quarter, well below the $1.73 per share expected by analysts polled by Refinitiv.
However, the company indicated that resilient travel demand will lead to a solid profit in the quarter through September and a "meaningful" profit for the full-year.
The company projects revenue for the September quarter to be up as much as 5% from 2019, while its capacity is expected to be down 15%-17%. Non fuel operating expense for the quarter is anticipated to be 22% above the 2019 level.