Delta Air Lines Keeps Capacity Growth Flat Amid ‘Broad Economic Uncertainty'

Core Insights - Delta Air Lines experienced a year-over-year revenue growth of 3.3% in the March quarter despite facing broad economic uncertainty [1] - The company revised its March quarter outlook downward, expecting total revenue growth of 3% to 4%, down from an earlier guidance of 7% to 9% [4] - Delta's premium, loyalty, and international businesses showed resilience, while domestic and main cabin businesses were weaker [5][6] Revenue Performance - Revenue growth was 7% in premium products, 11% in loyalty travel rewards, and mid-single digits in international [6] - Main cabin revenue decreased by 1%, and domestic revenue fell by 3% [6] Corporate Environment - Corporate sales growth moderated, with low-single digits year-over-year increase, attributed to reduced corporate confidence impacting growth in February and March [6] - Delta's CEO noted that the macroeconomic environment was more challenging than initially anticipated, leading to a stall in growth [2]