The key to Delta’s success: Boeing doesn’t fly

The Atlanta-based airline earned $ 4.8 billion in 2019, 21% more than a year ago, in the fourth quarter easily exceeded both its own orientation and the forecasts of Wall Street. Revenue increased 6% to $ 47 billion for the year, as the fourth quarter again exceeded forecasts.

Delta employees sue Lands & # 39; End claiming that the uniforms made them sick
Delta (DAL) Shares rose 4% in pre-market trade after earnings report.

“As we enter 2020, travel demand is healthy and our brand preference is growing, positioning Delta to offer another year of solid results,” said CEO Ed Bastian.

Delta has won as rivals South west (LUV), United (UAL) Y american airlines (AAL) All were forced to cut their schedules due to the grounding of the Boeing 737 Max last March, after two fatal accidents abroad that killed 346 people. Boeing has not yet obtained approval for the planes to fly again, and the airlines have canceled flights well into spring as a result.

Delta said it expects revenues in the first quarter to increase between 5% and 7%, largely driven by a greater number of passengers instead of higher fares.

The good news for Delta is translated in good news for its 90,000 employees, who will receive a record $ 1.6 billion in profit-sharing bonuses, 23% more than a year ago.

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