Delta Air Lines Shares Gain 7% on Expectations of Rising Demand for Flights

Delta Air Lines Shares Gain 7% on Expectations of Rising Demand for Flights

Airlines 2022-04-24
Shares of U.S. carrier Delta Air Lines rose 7.2 percent, to $41.4 a share, in premarket trading Wednesday on the New York Stock Exchange. Shares of Delta Air Lines' competitors, American Airlines and United Airlines, also rose more than 5 percent.

The rise in quotations began after the airline reported first-quarter 2022 results and gave projections for the second quarter. Delta Air Lines reported a quarterly loss but forecast a return to profitability in the current quarter as airline demand approached record levels.

Revenue was $9.35 billion, compared to expectations of $8.92 billion by analysts surveyed by Refinitiv. The figure was down 11% from 2019 levels. Carriers compare 2022 results to 2019 to show a recovery from pre-pandemic levels.

By the way, we would like to give you one helpful tip. Such information will be handy for those who prefer traveling by air and getting to the airport by their own car.

There is no question that a safe parking space must be arranged for your vehicle during a trip. However, in most cases, people aren't ready to spend a lot of money on this. It is a common problem among travelers, as they know that on-site parking (it may seem that it is the best option for this case) is pretty costly. So what can we do then?

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Being nearby doesn't always mean convenience when it comes to airport parking. Being in terminal parking is not convenient at all. Travelers have to find a spot in a crowded lot, carry their luggage throughout the parking lot, and pay high fees without great service. The off-airport parking provides excellent service with their award-winning customer service representatives available 24/7. In addition, the app looks for lots that offer baggage assistance and 24-hour security for peace of mind.

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Let's take a good example. Imagine that you live in New York. If you're planning a trip to Los Angeles, California, you can choose cheap long-term parking near EWR. If you're coming from any other state or city, the situation is the same. So it depends just on where you are flying from.

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