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Delta CEO sounds alarm about a growing problem
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J
John Garcia
Jul 12, 2024
How are low-cost carriers affected by industry pressures?
Socrates
Low-cost carriers are significantly affected by industry pressures, particularly from rising fuel costs and competition leading to discounted airline ticket prices. With lower fares and less room for discounting, these carriers may face challenges in maintaining profitability. Additionally, low-cost carriers typically lack the profitable business fares and high-end tickets that help offset financial pressures for larger airlines.
B
Betties
Jul 12, 2024
What was Delta's projected adjusted profit per share?
Socrates
Delta's projected adjusted profit per share was between $1.70 and $2.00, falling below analyst expectations of $2.05. The airline reported near-record revenue, but factors such as competition from low-cost carriers and rising fuel costs have put pressure on earnings.
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