the american airline Deltaone of the largest in the country, reported this Wednesday an accumulated loss of 940 million dollars until March, but anticipated greater demand in the coming months.
The company reduced losses compared to the same quarter of 2021 (1,177 million) but is far from its figures for that same section prior to the pandemic, since in 2019 it had a profit of 730 million, according to a statement.
Delta compared its data with that of 2019 and revealed that its billing between January and March was 9,348 million, 11% less than pre-pandemic levels, while operating expenses totaled 10,131 million, 7% more.
Part of these expenses are explained by the increase in the cost of fuelwhose price rose 33% compared to the previous quarter and involved a cost of 2,100 million, and maintenance costs.
Despite everything, the CEO, Ed Bastian, pointed out that the company “returned to profitability in the month of March” thanks to the recovery in demand after the omicron variant of the coronavirus, which allows it to improve its forecasts.
The return of business and international travel leads executives of Delta to estimate that the billing It will practically double in the second quarter compared to the data for the same period in 2019.
Between January and March, passenger revenues on domestic flights represented a recovery of 83% compared to pre-pandemic levels, and those of international flights 54%.
On the other hand, the US airline said that from now on it will include in its results its investment in Aeromexicoin which it owns 20% of the shareholding after its bankruptcy restructuring.
The results were well received by wall street and the company’s shares were up 4.30% by mid-morning.
