Record revenue on ‘tremendous demand,’ CEO says

Record revenue on ‘tremendous demand,’ CEO says

Delta Air Lines reported record revenue in the third quarter, and CEO Ed Bastian attributed the “tremendous demand” to business performance to a shift of consumer dollars from goods to services.

“Consumers are prioritizing investing in themselves, experiences and services, rather than buying things” Bastian told Yahoo Finance.

Comparing the Q3 report to consensus estimates compiled by Bloomberg:

  • Adjusted net income: $966 billion (including a $35 million impact from Hurricane Ian) vs $994…


Source link

About search

Check Also

Kenny Smith hasn't heard from Charles Barkley about retiring from broadcasting: 'We'll see' – Yahoo Sports

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *