Delta Sees Second-Half Profit as Business Travel Picks Up
Jul 14 2021, 8:42 PM
July 14 2021, 7:07 PM
July 14 2021, 8:42 PM
(Bloomberg) Delta Air Lines Inc. predicted an earnings rebound in the second half as U.S. business traffic starts to revive this fall, following surprisingly strong summer demand for leisure trips.
(Bloomberg) Delta Air Lines Inc. predicted an earnings rebound in the second half as U.S. business traffic starts to revive this fall, following surprisingly strong summer demand for leisure trips.
Corporate travel is poised to recover to 60% of 2019 levels by September, up from 40% in June and 20% in March, Chief Executive Officer Ed Bastian said as Delta reported a narrower-than-expected loss Wednesday. The coming rebound in business flying echoes the earlier gains in leisure trips, which have âfully recovered,â Delta said in a statement.
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American Airlines reports highest quarterly profit in company history
July 25, 2015
FORT WORTH, TX – American Airlines Group Inc today reported its second quarter 2015 results.
• Reported record quarterly net profit of $1.9 billion excluding net special charges, a 27 percent increase versus the second quarter 2014
• Reported record quarterly GAAP net profit of $1.7 billion, a 97 percent increase versus last year’s second quarter
• Repurchased over $750 million of common stock and authorized an additional $2 billion share repurchase program
• Declared a dividend of $0.10 per share to be paid on August 24, 2015, to shareholders of record as of August 10, 2015
American Airlines Group’s second quarter 2015 net profit, excluding net special charges, was a record $1.9 billion, or $2.62 per diluted share versus a second quarter 2014 net profit excluding net special charges of $1.5 billion, or $1.98 per diluted share. The Company’s second quarter 2015 pretax margi