The Clap
Delta Air Lines (NYSE:DAL) expects travel to continue to thrive in 2023, almost doubling its EPS forecast to $6.
What
The airline also expects revenues to jump by 15%-20% in 2023 to reach around $45 billion.
The company believes that the recession has pushed consumers to focus on their experiences and themselves more, pushing them to invest in more travel for leisure.
So What
As 2022 comes to an end, the airline industry has made an impressive recovery thanks to a rebound in demand following the COVID-19 pandemic.
Now What
Delta intends to restore its capacity to 2019 levels starting next year after slowly bringing it back throughout the year.
