its 2023 guidance after beating analyst’s expectations and travelers return to the skies this holiday season.
The air carrier also expects to generate more than $2 billion of free cash flow to enable further debt reduction. Delta expects to cut leverage by half in two years — from 5x in 2022 to 2-3x in 2024. Delta CEO Ed Bastian said in the release, demand for air travel remains robust and Delta’s momentum is building.
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