Delta is on track to return to its pre-COVID performance soon, with the airline due to report its 1Q 2023 results before the opening bell on April 13.
As the travel industry recovers post-pandemic, the airline is expected to post a significant improvement year-over-year on both the top and bottom lines during the period, having achieved an adjusted net loss per share of $1.23 and total revenue of $9.3 billion during 1Q 2022.
The consensus analyst expectation for 1Q 2023 is earnings per share of $0.32 and revenue of about $12 billion.
In a statement accompanying its fourth quarter 2022 results, Delta forecast 1Q 2023 revenue up 14% to 17% when compared to 2019 on demand which is 1% lower.
It also forecast adjusted earnings per share between $0.15 and $0.40.
Regarding costs, Delta expects its non-fuel unit costs to increase 3% to 4% year-over-year in 2023, including a full quarter impact from labor cost increases and finalizing the rebuilding of its network ahead of the peak summer period.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie