From CNBC:

Delta Air Lines doubled its profit in 2023, with CEO Ed Bastian optimistic about continued strong travel demand in 2024. However, the airline’s full-year profit outlook fell short of previous forecasts, and the stock dropped 5% in premarket trading. Delta expects first-quarter revenue to increase 3% to 6% and reported adjusted revenue of $13.66 billion, slightly ahead of estimates.

The airline reported $2.04 billion in net income and a 6% revenue increase for the last three months of 2023. Delta has benefitted from strong demand for international travel and higher-priced seats like those in first class. However, the carrier still faces challenges with the aerospace supply chain for parts and repairs.

Delta doesn’t have any Boeing 737 Max 9s in its fleet but does have dozens of 737 Max 10 aircraft on order, which the FAA hasn’t certified. Delta also announced an expected order for 20 wide-body Airbus A350-1000 aircraft, with deliveries starting in 2026.



Read more: Delta Air Lines (DAL) Q4 2023 earnings