US Delta Air Lines Exceeds Q2 Earnings Expectations... First Profit Since 2019

[Image source=Reuters Yonhap News]

[Asia Economy Reporter Kim Suhwan] American airline Delta Air Lines announced its second-quarter earnings for this year on the 14th (local time), surpassing expectations.

Delta Air Lines also stated that it recorded a quarterly profit for the first time since 2019.

According to Delta Air Lines' announcement, it posted revenue of $7.13 billion (approximately 8.2 trillion KRW) in the second quarter. This figure exceeds the market forecast of $6.22 billion (approximately 7.15 trillion KRW).

In the earnings announcement, Delta Air Lines said, "We will maximize competitiveness to maintain stable profits in the second half of this year."

Additionally, Delta Air Lines reported an operating profit of $652 million (approximately 750 billion KRW) in the second quarter.

This marks a return to profitability after five consecutive quarters of losses since the fourth quarter of 2019, when it last recorded a profit.

CNBC reported that the U.S. federal government's emergency COVID-19 relief funds for the airline industry had an impact on this outcome.

Following the earnings announcement, Delta Air Lines' stock price is trading about 1.67% higher than the previous day in pre-market trading on the New York Stock Exchange.

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