Record quarterly revenue of $15.2 billion in the third quarter, a year-over-year spike of 4.1 percent, helped push Delta Air Line stock up by more than 4 percent by market close.
Delta on Oct. 9 announced that its quarterly earnings topped expectations, with ticket sales from premium, corporate, and loyalty customers increasing in all geographic areas. Those increases give it strong headway heading into the final quarter of the year, the Atlanta-based carrier said.
“For the December quarter, we expect total revenue growth of 2 percent to 4 percent over last year’s record performance, with healthy sequential unit revenue improvement driven by continued domestic strength and meaningful improvement in transatlantic unit revenue,” Glen Hauenstein, president of Delta Air Lines, said….