Ed Bastian, CEO of Delta Air Lines, says that demand remains strong and Delta is on track with its current forecasts, despite a recent downgrade at American Airlines. Bastian points out that travel demand in June is a key indicator for the company. 

Bastian notes that inflation has not significantly impacted the average traveller, as Delta's customer base tends to be more affluent and continues to travel. He sees no imminent change in consumer behaviour that could affect travel demand.

Delta is also facing wage increases, but is seeking to improve productivity to offset these costs. Extended aircraft maintenance lead times and rising parts costs are also concerns.

Finally, the CEO anticipates sustained revenue growth and an improvement in supply chain constraints. He stresses the importance of investment in infrastructure and technology upgrades to support the expansion of the aviation industry. Delta expects revenue growth and believes the current year will be the most profitable in its history.

 


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