Delta Air Lines ekes out narrow Q1 profit, says travel demand remains strong despite flight scares

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Delta Air Lines eked out a narrow first-quarter profit and said Wednesday that demand for travel is strong heading into the summer-vacation season, with travelers seemingly unfazed by recent incidents in the industry that ranged from a panel blowing off a jetliner midflight flight to a tire falling off another plane during takeoff.

A Delta Air Lines plane lands at Logan International Airport, Jan. 26, 2023, in Boston. Delta reports earnings on Wednesday, April 10, 2024.

If travelers are worried about a spate of problem flights and increased scrutiny of plane maker Boeing, “I haven’t seen it,” Bastian said in an interview. “I only look at my numbers. Demand is the healthiest I’ve ever seen.” Delta does not operate any Boeing 737 Max jets, the plane that was grounded worldwide after two fatal crashes in 2018 and 2019, and which suffered the panel blowout on an Alaska Airlines flight this year. However, Delta has ordered a new, larger version of the Max that still hasn’t been approved by regulators. Bastian said Delta will be happy to use the Max 10 when they arrive.

Delta said that excluding special items, it earned 45 cents per share. Analysts were expecting 36 cents per share, according to a FactSet survey.

 

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