Delta Air Lines sales, profits top estimates in strong finish to 2022

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Delta Air Lines sales, profits top estimates in strong finish to 2022
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Delta and other airlines had said demand remained strong throughout the quarter.

The airline generated $13.44 billion in the final three months of 2022.

Airlines have largely been upbeat about the fourth quarter, despite concerns about a recession and severe winter weather over the year-end holidays.Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport.

The airline generated $13.44 billion in the final three months of 2022, topping the $11.44 billion in sales it brought in three years earlier. High costs ate away at some of Delta's profits, but its net income still totaled $828 million, down from $1.1 billion in the same three-month period of 2019.the carrier "rose to the challenges of 2022, delivering industry-leading operational reliability and financial performance.

Here's how Delta performed in the fourth quarter, compared with Wall Street expectations based on Refinitiv consensus estimates:$12.29 billion, excluding refinery sales, vs. $12.23 billion expected. Airlines have largely been upbeat about the fourth quarter, despite concerns about a recession and weakness from some retailers and other businesses. On Thursday,

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