Strong travel demand boosts Delta Air Lines' second quarter profits
Analysts expected per-share earnings of $2.28 in the three months ended in June.SOPA Images | LightRocket | Getty Images' second-quarter profits rose more than 30% from a year ago and topped analysts' expectations, thanks to strong travel demand, the airline said Thursday. Shares were up more than 2% after it reported results.
The Atlanta-based carrier posted a per-share profit of $2.35, on an adjusted basis, on record revenue of $12.5 billion, roughly in line with estimates. Higher revenue from premium cabins and corporate travel helped drive sales higher, the airline said. Delta raised its profit forecast for 2019 to a range of $6.75 to $7.25 per share, above its previous estimate of $6 to $7 a share.
Delta expects earnings per share of $2.10 to $2.40 in the third quarter. Analysts expected third-quarter per-share earnings of $2.18.
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