Delta Air Lines Reports Strong Q4 Earnings

Delta Air Lines reported strong fourth-quarter earnings, with a net income of $843 million, or $1.29 per share, exceeding Wall Street expectations. The airline experienced a surge in travel demand during the holiday season, achieving four of its top ten revenue days in history and a revenue of $15.56 billion, up from $14.22 billion the previous year. Delta's adjusted earnings of $1.85 per share surpassed projections of $1.76, while a decline in fuel costs also contributed positively to its financial performance. Looking forward, CEO Ed Bastian anticipates sustained demand for premium travel experiences into 2025. The company's strong results led to a 6% increase in its stock price and positively impacted shares of other airlines. Delta also ranked highest among U.S. carriers for on-time arrivals in 2024, showcasing its operational resilience despite previous challenges.