Delta Air Lines is lifting its 2023 guidance as holiday travel picks up and travelers return to the skies
its 2023 guidance after beating analyst’s expectations and travelers return to the skies this holiday season.
The air carrier also expects to generate more than $2 billion of free cash flow to enable further debt reduction. Delta expects to cut leverage by half in two years — from 5x in 2022 to 2-3x in 2024. Delta CEO Ed Bastian said in the release, demand for air travel remains robust and Delta’s momentum is building.
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