• 2 days ago
Delta Air Lines Inc. surpassed Wall Street's profit expectations for the fourth quarter, driven by robust international and corporate travel demand. CEO Ed Bastian cited a favorable supply-demand balance and strong demand visibility into spring 2025. Corporate travel sales grew 10%, led by technology and financial sectors, while international travel revenue increased 6%. Premium products outperformed coach cabin revenue growth by six percentage points. Payments from American Express for loyalty points rose 14% to $2 billion. Shares rose 3.7% following the report, adding to a 50% gain in 2024.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street. Delta Airlines surpassed Wall Street's
00:04profit expectations for the fourth quarter, driven by robust international and corporate
00:08travel demand. CEO Ed Bastian cited a favorable supply-demand balance and strong demand visibility
00:14into spring 2025. Corporate travel sales grew 10 percent, led by technology and financial sectors,
00:21while international travel revenue increased 6 percent. Premium products outperformed coach
00:26cabin revenue growth by 6 percentage points. Payments from American Express for loyalty points
00:31rose 14 percent to $2 billion. Shares rose 3.7 percent following the report,
00:36adding to a 50 percent gain in 2024. For all things money, visit Benzinga.com slash GSTV.

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