"Despite the deceleration of traffic in August and September due
to surging COVID-19 cases, the third quarter 2021 demand and
revenue performance was quite strong," said Chief Executive
Officer Gary Kelly.
The company flagged lingering effects from the summer COVID-19
surge and recent operational challenges to fourth-quarter
revenue, but said it was encouraged by renewed momentum in
leisure and business traffic.
Despite robust demand, a recent surge in fuel prices has proved
painful for the aviation industry with Delta Air warning of a
fourth quarter pre-tax loss on higher fuel expenses and
suggesting it might have to pass on higher costs to consumers.
Excluding items, the Dallas-based airline's net loss narrowed to
$135 million, or 23 cents per share, in the quarter ended Sept.
30, from $1.17 billion, or $1.99 per share, a year earlier.
Total operating revenue surged 161% to $4.68 billion from a year
earlier.
(Reporting by Sanjana Shivdas in Bengaluru; Editing by Vinay
Dwivedi)
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