EconomyLens.com
No Result
View All Result
Tuesday, July 1, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Delta eyes Election Day travel pullback as profits climb

David Peterson by David Peterson
October 10, 2024
in Business
Reading Time: 3 mins read
A A
0
68
SHARES
844
VIEWS
Share on FacebookShare on Twitter

Delta said it is seeing a dip in travel around the US elections but that it will be temporary. ©AFP

New York (AFP) – Delta Air Lines reported higher profits Thursday despite a drag from a big information technology outage and said an anticipated November pullback in travel should lift after US elections. The big US carrier’s quarterly results were dragged lower by a $380 million hit over the Crowdstrike outage, which resulted in some 7,000 flight cancellations over a five-day period in July. The funds went mostly to customer refunds. Profits were $1.3 billion, up 15 percent from the year-ago period. Revenues edged up one percent to $15.7 billion.

Related

French league launches own channel to broadcast Ligue 1

Trump says will ‘take a look’ at deporting Musk

White House says Canada ‘caved’ to Trump on tech tax

‘Embracing AI’: TomTom cuts 300 jobs

Global matcha ‘obsession’ drinks Japan tea farms dry

Executives said the company also expected an impact in the fourth quarter from Hurricane Milton, which barreled into Florida last night. Delta has canceled 600 flights so far. Still, the company projected higher fourth-quarter profits on a two to four percent increase in revenues. Bookings are depressed around the US presidential election, but executives described that as a blip amid otherwise solid demand.

“You have markets that are performing incredibly well with positive momentum in October, and then again, as soon as the week after the election is complete,” said Delta President Glen Hauenstein. “So if you took a trend line, you’d see these two weeks just being way off trend.”

Delta had been among the carriers that warned in July that industry oversupply was depressing fares and profitability. But since that time, airlines have trimmed capacity, leading to “an improved equilibrium between demand and supply as industry growth moderated,” Hauenstein said. Delta shares were unchanged shortly after midday.

© 2024 AFP

Tags: airlinesprofitstravel
Share27Tweet17Share5Pin6Send
Previous Post

Over 200 women in legal talks with Harrods over Fayed abuse claims

Next Post

TD Bank to pay more than $3 bn to US in money-laundering case

David Peterson

David Peterson

Related Posts

Business

‘Eat the rich’: Venice protests shadow Bezos wedding

June 28, 2025
Business

Nike profits sink but company says it is turning a corner

June 27, 2025
Business

Anna Wintour steps down as US Vogue editor after nearly 40 years

June 29, 2025
Business

Spain court suspends huge Ryanair ‘abusive practices’ fine

June 26, 2025
Business

Bezos wedding festivities kick off in Venice

June 28, 2025
Business

H&M sales fall in second quarter on stronger currency

June 26, 2025
Next Post

TD Bank to pay more than $3 bn to US in money-laundering case

Panama lashes out at EU over tax haven 'outrage'

Internet Archive reels from 'catastrophic' cyberattack, data breach

Wall Street stocks retreat from records on US inflation data

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Global stocks mixed as markets track US trade deal prospects

July 1, 2025

Big automakers report US sales jump on pre-tariff consumer surge

July 1, 2025

UK govt guts key welfare reforms to win vote after internal rebellion

July 1, 2025

French league launches own channel to broadcast Ligue 1

July 1, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.