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Delta bullish about 2023 after reporting healthy profit

Air
Gary Noakes
16 January 2023

Delta has given an upbeat 2023 forecast after reporting multi-billion-dollar profits for 2022.

Delta flew into profit in 2022

The US giant made an adjusted pre-tax profit of $2.7 billion, a profit margin of 5.9%. Operating revenue was $45.6 billion, 2% below that of 2019 when the carrier reported profits of $6.2 billion.

Ed Bastian, Delta’s chief executive officer, said:  "As we move into 2023, the industry backdrop for air travel remains favourable and Delta is well positioned to deliver significant earnings and free cash flow growth.”

He added: “We expect to grow 2023 revenue by 15 to 20%.”

The carrier said it expected March quarter revenue to be 14 to 17% higher than 2019 on capacity 1% lower.