Delta Air Lines Revenues Fully Recovered From Pandemic
Delta Air Lines revenues are back from their two-year pandemic-driven dip as travelers, from leisure to corporate and international, rush back to planes this summer.
The Atlanta-based carrier forecasts a full revenue recovery to 2019 levels in the second quarter, Delta disclosed in an investor update on June 1. The airline generated $12.5 billion in revenue three years ago. The recovery comes despite system capacity being down roughly 82 percent year-over-three-years; that number includes a 1-2 point hit from Delta's schedule reductions over the Memorial Day weekend holiday and in June.
"The demand has been phenomenal," Delta CEO Ed Bastian said at a Bernstein investor conference on June 1. This is true across segments, including leisure, corporate and international, he added.
Delta is the latest U.S. carrier to l