Delta Air Lines posts $695 million profit in Q3, sees busy holiday season

Delta Air Lines reported a USD 695 million third-quarter profit Thursday as higher average fares this summer and a lucrative credit-card business more than offset higher fuel prices.

The airline forecast that revenue during the final three months of the year will top pre-pandemic levels.

Delta’s CEO said he sees no indication that anxiety over inflation and the economy will discourage people from travelling over the holidays.

It’s going to be a very strong holiday season Thanksgiving, Christmas, New Year’s, said CEO Ed Bastian.

Consumers are still relatively healthy. They have deferred spending, but where they have deferred it is the acquisition of things.