Delta Air Lines Continues Its Run of Outperformance

Delta Air Lines Continues Its Run of Outperformance
·4 min read

Last week, U.S. airline giants Delta Air Lines (NYSE: DAL), American Airlines (NASDAQ: AAL), and United Airlines (NASDAQ: UAL) all slashed their Q3 forecasts. Two months ago, Delta Air Lines projected that third-quarter revenue would decline 30% to 35% compared with 2019 on 28% to 30% less capacity. Delta did anticipate that adjusted nonfuel unit costs would jump 11% to 14% relative to Q3 2019, largely because of the impact of lower capacity and costs of rebuilding the airline.

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