im at the John mulaney Xanax bit im at the John mulaney delta airlines bit im at the combination John mulaney Xanax John mulaney delta airlines bit
A 15% drop in airline fares in two months (thanks, Covid Delta) has been v helpful to the core CPI. But it is going to reverse. pic.twitter.com/SBOb00SYii
✈️…uh oh! ❤️🌈. And thank you @delta for a wonderful plane w TVs and crew! 💯 @ Delta Terminal - Orlando International Airport www.instagram.com/p/CU8ht42ARVo/?utm_medium=twitter
Flight cancellations are never fun. But props to @British_Airways for alerting me by email before my @ExpertFlyer Y0 alert did. Other airlines could learn from this proactive communication (looking at you AA and Delta)! pic.twitter.com/rkjNjvp940
Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.
FOX Business' Hillary Vaughn discusses how U.S. airlines are going green for a cost.
The Atlanta-based Delta sees fuel prices rising to $2.25 to $2.40 per gallon, up 40 cents from the September quarter. A 5 cent increase in the price of fuel equates to about $40 million in added expenses. The airlines spent $1.5 billion on fuel last quarter.
Rising fuel prices "will pressure our ability to remain profitable in the December quarter," Delta CEO Ed Bastian said on the company’s third-quarter earnings call on Wednesday.
He sees Delta posting a "modest loss" in the December quarter with crude oil prices up more than 60% year to date and 15% over the last month. The airline doe not hedge its fuel costs.
Even with the near-term headwind from higher fuel costs, the company expects to return to profitability in 2022 as air travel continues to recover and capacity is restored.
Delta on Tuesday reported a third-quarter profit of $1.2 billion, or $194 million excluding government aid and other items. It was the company’s first quarterly profit without including government aid since the outbreak of COVID-19.
Delta shares were up 8.3% this year through Tuesday compared with the S&P 500’s 16% gain.
Read full article at Fox Business