JetBlue Raises Q3 Outlook on Strong Air Travel Demand
Delta Airlines has revised its third-quarter outlook, now expecting a less severe revenue decline due to stronger-than-anticipated air travel demand. The airline also lowered its fuel cost forecast.
Initially, Delta predicted a revenue per available seat mile (RASM) decrease of 2 to 6 percent. However, the airline now expects this decline to be between 1.5 to 4 percent. This improvement reflects a boost in air travel demand.
Delta has also revised its fuel cost forecast for the third quarter. It now anticipates spending between $2.45 to $2.55 per gallon, down from previous estimates. This reduction is likely due to changes in fuel prices and the airline's fuel hedging strategies.
The airline's optimism extends beyond the third quarter. Delta believes the positive trends in air travel demand may persist through the end of the year.
Delta Airlines has revised its third-quarter revenue and fuel cost forecasts due to stronger air travel demand. The airline is optimistic about the remainder of the year, with current trends expected to continue.
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