Delta Air Lines no longer expects to lose money
in the fourth quarter with travel during the
holiday season heating up.
The company said Thursday that it now
foresees an adjusted profit of approximately
$200 million in the final quarter of the year.
In October Delta cautioned that it expected a
“modest” loss in the fourth quarter due to rising
fuel prices.
Shortly after the company issued that forecast,
however, crude prices that had been soaring
throughout the year began to ease. At the same
time, demand for airline tickets is strengthening.