{"id":128141,"date":"2024-11-20T20:08:54","date_gmt":"2024-11-20T13:08:54","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=128141"},"modified":"2024-11-20T20:08:54","modified_gmt":"2024-11-20T13:08:54","slug":"delta-forecasts-sales-growth-in-2025-thanks-to-resilient-economy","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=128141","title":{"rendered":"Delta forecasts sales growth in 2025 thanks to &#8216;resilient economy&#8217;"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108044958\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>A Delta aircraft at the airline&#8217;s hangar in Atlanta<\/p>\n<p>Leslie Josephs\/CNBC<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/DAL\/\">Delta Air Lines<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> on Wednesday said sales would grow in 2025, citing a &#8220;resilient economy&#8221; for strong travel demand and credit card spending, especially for higher-end offerings. It also said it expects to grow earnings in the coming years.<\/p>\n<p>Delta forecast revenue growth in the mid-single digit percentage points next year compared with 2024, in line with the roughly 6% growth analysts were expecting.<\/p>\n<p>In an investor day presentation, the carrier said it would expand flying by 3% to 4% next year from 2024. Delta also reiterated its <a href=\"https:\/\/www.cnbc.com\/2024\/10\/10\/delta-air-lines-dal-3q-2024-earnings.html\">fourth-quarter outlook<\/a>. Longer term, it said it expects to grow adjusted earnings by 10% a year over the next three to five years.<\/p>\n<p>Delta is the most profitable U.S. airline and its leaders tout its strong partnership with <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\"><a href=\"https:\/\/www.cnbc.com\/quotes\/AXP\/\">American Express<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> and high demand for pricier seats toward the front of aircraft as part of its success.<\/p>\n<p>The carrier has focused heavily on high-spending travelers, and in an investor-day presentation said it has an advantage because of sharp wealth growth in high-earning households since 2019. It also said millennials and Gen Z are the fastest growing consumer segments.<\/p>\n<p>Its upbeat tone on consumer spending has differed from the picture some other companies are painting. <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-4\"><a href=\"https:\/\/www.cnbc.com\/quotes\/TGT\/\">Target<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> on Wednesday <a href=\"https:\/\/www.cnbc.com\/2024\/11\/20\/target-tgt-q3-2024-earnings.html\">cut its profit forecast<\/a>. Its chief operating officer blamed a &#8220;deceleration in discretionary demand&#8221; and higher costs.<\/p>\n<p>Delta rival <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-6\"><a href=\"https:\/\/www.cnbc.com\/quotes\/UAL\/\">United Airlines<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> has <a href=\"https:\/\/www.cnbc.com\/2024\/06\/25\/delta-air-lines-americas-luxury-airline-and-what-united-wants-to-do-about-it.html\">made inroads in growing profits<\/a> and capturing high-end travelers. Delta&#8217;s shares are up 60% so far this year through Tuesday&#8217;s close, while United&#8217;s are up 128%. Both are outpacing the broader market and other carriers.<\/p>\n<p>Delta said just 43% of its revenue this year comes from main cabin tickets, with 57% of it generated by premium seats and its lucrative loyalty program. That&#8217;s up from a 60% share of revenue from the main cabin in 2010.<\/p>\n<p>The carrier has spent years working to get customers to pay up for first class, seats it largely gave away in years past.<\/p>\n<p>Delta&#8217;s president, Glen Hauenstein, told reporters that about 15 years ago, about 12% of Delta&#8217;s domestic first-class seats were paid for and the rest were upgrades for frequent flyers. Now, more than 70% of those seats are purchased, including buy-ups after booking. He said the change at first was &#8220;traumatic&#8221; to some travelers.<\/p>\n<p>Hauenstein said Delta is looking for new ways to segment its cabins after the carrier \u2014 and rivals \u2014 spent years breaking coach-class into options like premium economy, extra-legroom seats and basic economy. While it didn&#8217;t provide detail, it&#8217;s also considering more options for travelers sitting in the front of the plane too, Hauenstein said.<\/p>\n<p>During its presentation, the airline&#8217;s executives could face questions about future demand, controlling costs and steps the airline has taken to avoid another repeat of the massive impact from the <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-8\"><a href=\"https:\/\/www.cnbc.com\/quotes\/CRWD\/\">CrowdStrike<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> outage last July.<\/p>\n<p><em>-CNBC&#8217;s <\/em><a href=\"https:\/\/www.cnbc.com\/melissa-repko\/\"><em>Melissa Repko<\/em><\/a><em> contributed to this article.<\/em><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2024\/11\/20\/delta-air-lines-investor-day.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Delta aircraft at the airline&#8217;s hangar in Atlanta Leslie Josephs\/CNBC Delta Air Lines on Wednesday said sales would grow in 2025, citing a &#8220;resilient economy&#8221; for strong travel demand &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=128141\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-128141","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/128141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128141"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/128141\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}