Can Delta Airlines Fly High in Q1 Despite Rising Fuel Prices?

Can Delta Airlines Fly High in Q1 Despite Rising Fuel Prices?

Delta Airlines (DAL) will publish its first-quarter 2022 results before the market opens today.

The company announced solid fourth-quarter results, with both the top and bottom lines outperforming expectations. The company earned $0.22 per share, considerably better than analyst projections of $0.14 per share, while sales of $9.47 billion were also higher than the Street's estimate of $9.21 billion.

Beginning in 2022, the global airline has seen a revival in demand due to a rebound in leisure and corporate travel. However, the Omicron variant, personnel concerns, and the jump in oil costs precipitated by the Russia-Ukraine situation may have had a negative impact on the first quarter to some extent.