Delta Air Lines Inc. expects to deliver a strong top-line for 2023 as the company sees a significant "operating leverage on a full restoration of its network" and progress "in premium and loyalty revenue," the firm said Wednesday in its latest guidance report.
The company projects total revenue growth of 15% to 20% by 2023, with its operating margin increasing by 10 to 12% and earnings per share (EPS) growing between $5 and $6.
"2022 is proving to be a pivotal year as we rebuild the world's best-performing airline. Thanks to the exceptional work of our people, we navigated challenges while continuing to strengthen our competitive advantages, enhancing the power of our trusted consumer brand," Chief Executive Officer Ed Bastian said.
Delta shares were up 4.61% during premarket at 7:49 am ET to sell for $34.92 following the report's release.