Raises estimates and expects its revenues to increase by 8% in the full year
Delta Air Lines obtained a net profit of 2,884 million dollars (2,493 million euros), 1% less than in the same period of 2017, according to the group, which achieved record revenues in the last quarter of the year driven by the increase in demand in a favorable economic context.
The company, based in Atlanta, hopes to increase its business volume from 3% to 5% for the last quarter, as it has advanced, with which it expects to close the year with an increase of 8% of its revenues for the full year. .
The CEO of Delta, Ed Bastian, stressed that the customer focus applied by the group is managing to boost revenue growth, improving margins and accelerating the pace of recovery despite the increase in fuel costs.
From January to September, the business volume of the airline reached 33,696 million dollars (29,138 million euros), representing an increase of 9% compared to the first nine months of 2016.
Operating profit stood at 4,161 million dollars (3,598 million euros), representing a decrease of 13% compared to the first nine months of the previous year.
During the third quarter, from July to September, it earned 1,312 million dollars (1,134 million euros), 13.3% more than in the same period of 2017, with an increase of 8% in revenues to 11,953 million euros. dollars (10,337 million euros).
Costs amounted to 29,535 million dollars (25,536 million euros), 13% more than during the first nine months of 2017. Specifically, the fuel and related taxes item was 6,693 million dollars (5,786 million euros), 35% more. In the third quarter, costs also increased by 12%, with a 40% increase in aircraft fuel and rates.
The company has ensured that these costs were compensated by the strong revenues and that they expect oil to increase up to 30% for the rest of the year.
As of September 30, Delta generated 1,500 million dollars (1,296 million euros). Of this amount, it allocated some 900 million dollars (770 million euros) to its activity.