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…


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