the summer travel season may be a sweet one as the pandemic eases and consumers and business travelers return to the skies.
"While we are confident in summer demand and the capacity plans that we have in place given the macro uncertainty, we will remain nimble on capacity for the second half of the year and continue to prioritize sustained profitability," Delta CEO Ed Bastian said on the carrier’s earnings conference call Thursday.
He also noted the airline returned to profitability in March, which he says is sustainable through the remainder of 2022. The carrier also noted that a snapback in demand is helping ease the spike in fuel, which is trading above $100 per barrel. Delta shares gained over 6% during Thursday’s session, and other airlines rallied on the positive outlook.
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