Delta generated record September revenue and raised its full-year growth outlook
Shares of Delta Air Lines Inc. rallied Thursday, after the air carrier reported third-quarter profit that beat expectations, and said the “robust demand” for travel it has been seeing has continued into the current quarter.
The stock DAL, +0.70% rose 2.2% in premarket trading, to put it on track for a third-straight gain. The bounce comes after the stock closed at a five-month low of $35.24 on Oct. 3. Revenue grew 10.8% to $15.49 billion, while adjusted revenue increased 13% to $14.55 billion to match expectations. Load factor improved to 88% from 87% to top expectations of 86.4%, as traffic increased 17% to 64.1 billion revenue passenger miles and capacity rose 16% to 73.2 billion available seat miles.
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