Overview
- Delta now expects first-quarter revenue to grow at a high-single-digit rate, up from a prior 5%–7% outlook, and reaffirmed adjusted EPS of $0.50–$0.90.
- CEO Ed Bastian said bookings are about 25% higher year over year, with eight of the top 10 sales days in company history occurring this quarter.
- The airline reported mid-single-digit growth in both domestic and international unit revenue.
- Delta disclosed roughly a $400 million cost impact to date, has about two weeks of fuel inventory, and says it holds the strongest balance sheet in its history.
- Shares rose roughly 3.6%–5% in premarket trading as markets assessed a jet-fuel jump of more than 50% since late February and awaited airline updates at JPMorgan’s Industrials Conference.