• 2 months ago
Delta Air Lines expects a revenue dip in the fourth quarter due to decreased travel demand around the U.S. presidential election. Delta projects one of its most profitable fourth quarters, thanks to strong holiday bookings and improved pricing. The election is predicted to reduce unit revenue by 1% for the December quarter, with a two-week slowdown in travel before demand rebounds. Fuel price drops and capacity control have improved earnings, with Delta shares rising 30% since August.
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00:00It's Benzinga, and here's what's on the block.
00:02Delta Airlines expects a revenue dip in the fourth quarter due to decreased travel demand
00:07around the U.S. presidential election.
00:09Delta projects one of its most profitable fourth quarters thanks to strong holiday bookings
00:13and improved pricing.
00:15The election is predicted to reduce unit revenue by 1% for the December quarter, with a two-week
00:20slowdown in travel before demand rebounds.
00:23Fuel price drops and capacity control have improved earnings, with Delta shares rising
00:2830% since August.
00:29For all things money, visit Benzinga.com.

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