Delta's Second Quarter Revenue Soars, But Net Income Takes a Hit Amid Rising Costs

Benzinga
Benzinga
  • last month
Delta reported record revenue for the second quarter but net income fell compared to last year. The Atlanta-based airline is entering an earnings season characterized by full flights and declining profits due to rising costs and increased seating capacity impacting fare prices. Delta anticipates a sales increase this quarter that falls below analyst expectations, along with earnings per share that are also expected to be lower than predicted. Delta stands out as the most profitable airline and its latest report suggests that competitors in the oversupplied U.S. market may face difficulties this summer. United Airlines is striving to match Delta's profitability by adding more premium seats to boost revenue, and both are favored by analysts with the highest "buy" ratings among U.S. carriers.

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