Sunday, October 24, 2021

Delta Air’s ticket sales improve, restore early third-quarter revenue view

BOSTON―Delta Air Lines said on Sunday that its ticket sales have stabilized and begun to improve, within its original forecast for a decline of 30 percent-35 percent against 2019 levels for the third quarter. Definitely putting the revenue to be distributed.

This is an improvement from its projection last month when it adjusted the forecast to the low end of that range after a resurgence in COVID-19 cases. The airline is scheduled to report quarterly results from September to October 13.

“For Delta, they bottomed out in the later part of August and the first part of September,” chief executive Ed Bastian told reporters on the sidelines of a meeting of airlines group IATA. “Business Traffic Is Growing Back in America”

Bastian said domestic travel bookings are expected to surpass 2019 levels next year.

Later, the airline said it would increase its capacity by more than 20 percent next summer at the peak of 2019 by increasing service to Boston.

The company is seeing a surge in demand for trans-Atlantic flights after the White House late last month decided to reopen fully vaccinated travelers around the world.

Trans-Atlantic flights accounted for 11 percent to 17 percent of 2019 passenger revenues from the three big air carriers—American Airlines, United Airlines and Delta.

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On the vaccination rate for Delta employees, Bastian said it had gone up to 84 percent, driven by the company’s decision to impose a $200 monthly health insurance surcharge for those who were not vaccinated. He expects this rate to be above 90 per cent by November 1.

Delta, however, is the only major US airline that has yet to make coronavirus vaccines mandatory for employees, despite pressure from the White House.

Bastian said the company has not decided whether to make COVID-19 vaccines mandatory.

“We’re obviously studying it,” he said, referring to President Joe Biden’s executive order requiring federal contractors to make vaccinations mandatory.

“I’m not sure how far you need to go to comply with the EO (executive order).”

The White House is pressing major US airlines to mandate COVID-19 vaccines for employees by December 8 – the deadline for federal contractors. Large US airlines have many federal contracts.

Rajesh Kumar Singh

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This News Originally From – The Epoch Times

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