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Some airlines are forecasting record demand. Delta, the most profitable U.S. airline, forecast quarterly adjusted earnings of $2.20 to $2.50 per share for the second quarter. On Sunday, TSA screened more than 3 million people, a one-day record. https://t.co/Bdetq39oBw https://t.co/Lc1baA2GrJ
Delta Airlines $DAL Earnings Setup - Coming Back to Earth? Underperforming since reporting Q1 and back sub-7x, but on a long streak of negative earnings reactions (6 straight quarters). We might get $AAL with a pre-report between now and $DAL Thursday morning - so watch out. https://t.co/0nihWjsWtu
The TSA said one reason for the record volume might be flight prices, which had dipped slightly during the holiday weekend. https://t.co/ZO1pNqL9va
Despite record summer air travel demand, U.S. airline profits are not reflecting the surge. Delta Airlines forecasts quarterly adjusted earnings of $2.20 to $2.50 per share for the second quarter, while TSA screened over 3 million people in a single day, setting a new record. Cheaper flight prices are fueling travel but impacting airline profits due to increased costs.