Delta Air Sees Massive Demand

١ يونيو

Delta Air Lines (DAL) is running its largest ever transatlantic schedule this year due to healthy travel demand, particularly on international routes. The airline has forecast record high second-quarter revenue due to buoyant demand for spring and summer travel. Delta's CEO, Ed Bastian, said that summer is progressing strongly and demand is quite healthy. Delta (DAL) is well-positioned to take advantage of this with its partners. Consumers are spending on experiences with travel a top priority after the pandemic, with premium travel being particularly strong. Delta (DAL) President Glen Hauenstein said that the international business is quite strong.

Rival American Airlines reported that there was still excess seat capacity in the domestic market, resulting in discounting pressure. Delta (DAL) executives believe that US carriers will further moderate capacity in the second half of the year, which will underpin the industry's pricing power. Delta operates a large mixed fleet including planes from Airbus and Boeing, which is engulfed in a quality and corporate crisis. Delta (DAL) is "encouraged" by steps Boeing is taking with management changes and other adjustments at the company. Delta (DAL) is still committed to its order for Boeing 737 MAX 10 jets, which are still awaiting certification by the U.S. Federal Aviation Administration. Delta (DAL) has no plans to swap the MAX 10 for another model, but hopes the changes being made at Boeing will allow it to make progress on building the MAX 10.

Delta Airlines stock (DAL) finished Friday's trading session up 1.82% trading above the 200-day Moving Average (MA).