Delta Air Lines is soaring to a record $1.8 billion profit as summer vacationers pack planes
Delta Air Lines is reporting record profit and revenue in the second quarter, as summer travelers pack planes and head off on vacation Delta Air Lines soared to a record quarterly profit of more than $1.8 billion as summer vacationers packed planes, especially to international destinations, and the airline enjoyed a tailwind from falling fuel prices. The results released Thursday beat Wall Street expectations, and Delta raised its forecast of full-year earnings. Delta officials said strong demand for tickets has continued at the beginning of the July-through-September quarter, when it expects revenue similar to the record second quarter, and even into the December holidays. “I think it’s going to be more of the same,” CEO Ed Bastian said in an interview. “International bookings, which traditionally start to trail off into the fall, are still going to be at a higher level than normal.” Revenue on flights between the U.S. and Europe, Delta's most important overseas market, soared 65%...