‘Recession? What Recession?’ Say U.S. Air Travelers

Economists agree that the U.S. is teetering on the edge of recession. Someone forgot to tell air travelers.

On Thursday, Delta Air Lines the first big carrier to release third-quarter earnings, reported adjusted revenue of $12.8 billion, which were 11% higher than during the same period of prepandemic 2019. Earnings were slightly below what Wall Street expected, but guidance suggesting that travel demand remains extraordinarily strong led shares of all U.S. carriers to shoot up.

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