Delta Raises Guidance On Robust Travel Demand
Delta Air Lines in its 2023 guidance said it expects adjusted earnings to nearly double next year, up to $5 to $6 per share, thanks to strong travel demand.
The company forecast a revenue increase next year of 15–20% over 2022, which is expected to come in at around $45.5 billion.
Demand for air travel remains robust as we exit the year and Delta’s momentum is building,” said CEO Ed Bastian.
As the company pays down debts over the next two years, free cash flow is forecast to increase from more than $2 billion in 2023 to more than $4 billion in 2024.