Travelers concerned about the budget reserve fewer flights on Delta Air Lines, carrier n ° 1 from Minneapolis-St. Paul International Airport, offering a new overview of consumer anxiety around travel and the American economy.
However, after having published a report on the profits of the first quarter on Wednesday which beat investors’ expectations, Delta’s shares increased by around 7%. The stock ended the day 23% after the news of the White House of a 90 -day break on many new prices.
In its announcement of profits Wednesday, Delta abandoned annual financial councils for 2025, because the company cited more flat sales than expected during the first months of the year. The company officials point to an unpredictability period, as domestic travel requests have been weakened since the end of February.
CEO Ed Bastian said during an appeal with analysts on Wednesday morning that business growth had “widely blocked” due to “broad economic uncertainty around global trade”.
Managers pay particular attention to all similar trends in Delta’s premium offers and international trips, but say that these income lines are strong. Looking at the longer term, Bastian underlined the past triumphs of the company despite the opposite winds of the industry.
“Obviously, in this environment, there is not much that you can say during the next year or two without having a better clarity on how the price skirmishes are found,” said Bastian, adding that he was planning opportunities to get up “during this bunch on the road.”
“We are not sure how long it will last, but I am convinced that it will not be lying. And you can expect the fort becoming stronger,” said Bastian.
The Atlanta -based airline said $ 240 million in $ 14 billion in revenues, beating Wall Street estimates. The profit adjusted by action arrived at 46 cents, above consensual projections of 39 cents per share.
