Delta Air Lines' Mixed Q2 Results and Optimistic Outlook for Summer Travel
Delta Air Lines has forecast higher-than-expected profit for the current quarter, citing "record" bookings for summer travel, even as the carrier missed first-quarter profit estimates due to higher fuel and labor costs. Delta CEO Ed Bastian remains upbeat about consumer demand despite growing risks of an economic recession. The airline is doubling down on more profitable premium travel, after premium cabin revenue grew faster than the main cabin in the first quarter.