Delta: Business Travel, Digital Transformation Bright Spots Among Sector Headwinds

Ongoing macroeconomic headwinds and labor realities are grounding Delta Air Lines’ near-term outlook.The Atlanta-based airline told investors during its Friday (Jan. 12) December quarter and full-year 2023 earnings call that the last two years were a period of intense restoration. Now, the company is “entering a period of optimization.”Delta’s full-year earnings per share guidance was adjusted to $6 to $7, below the company’s own $7 forecast from 2022, despite most recent fourth-quarter results beating expe ...