Delta Air Lines (NYSE:DAL) CEO Ed Bastian had one thing on his mind Wednesday morning.
“The question of not just the day, of the month, is going to be how we navigate this higher fuel environment brought on by the Iranian conflict,” he said, noting jet fuel had more than doubled in 30 days.
Oil was already down 15% before he finished speaking.
The Beat
Delta’s adjusted EPS came in at $0.64 versus the $0.57 expected, with operating income of $652 million and an operating margin of 4.6%.
Premium revenue grew 14%, loyalty climbed 13%, and corporate sales hit a record.
Bastian said demand remains “broad-based” and strong across “all geographies, products and categories.”
The Guidance That’s Already Stale
Delta projects Q2 pretax profit of around $1 billion despite a more than $2 …
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