Delta Airlines Inc announced its Q1 earnings report on Thursday, April 12th, indicating that travel demand remains strong despite recession fears. Although the company posted a wider quarterly loss than expected, Delta's shares only dropped 1.7%, while American Airlines Group Inc suffered a bigger loss as its shares sank 9% after revealing weaker-than-expected guidance.
Delta's report showed an adjusted revenue of $11.84 billion, which missed analyst estimates averaging $11.99 billion. However, the company reported a net loss of $363 million, or 57 cents per share, mainly due to the cost of the 34% raise given to pilots following a new four-year contract. Compared to last year's quarter, Delta's skies are brighter, with the net loss significantly reduced from $940 million to $363 million. The company's net income reached $163 million or 25 cents per share when excluding one-time items, compared to last year's first-quarter loss of $748 million, or $1.23 per share.
Despite rising unit costs by 4.7% YoY due to winter storms that grounded flights, Delta reported that domestic sales in March are back to pre-Covid-19 levels, with corporate bookings and loyalty program revenue undergoing recovery. The American Express Company partnership contributed $1.7 billion in revenue, a 38% increase from last year's comparable quarter. Additionally, first-class revenue has surpassed the revenue generated by standard seats.
Despite missing estimates, Delta's Q2 guidance topped analysts' estimates, signaling that travel demand remains strong despite a weakening macroeconomic environment. The company expects sales in the current quarter to rise between 15% and 17% compared to last year's comparable quarter, with adjusted operating margins of 16% and adjusted EPS in the range of $2 to $2.25. Delta plans to increase capacity by 17% compared to 2022's second quarter as it expects to achieve a record in advance summer bookings.
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In addition to the latest news from the travel world, we would like to provide you with one helpful tip as well – 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?
We are glad to inform you that our booking platform, ParkingNearAirports.io, offers travelers online reservations for parking just outside airports that are convenient and affordable. Our experienced team is dedicated to providing travelers parking options at over 100 airports in the US and Canada. In addition, the app allows customers to search and compare parking rates at up to 70 percent savings compared to the cost of on-site parking at all major airports.
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.
With our platform, it only takes a few clicks in the app to reserve a parking spot. Guests receive a booking confirmation and a guaranteed parking space upon arrival at the off-airport parking. In addition, the app helps customers locate the most convenient lots to the airport. Cancellations are easy if plans change with hassle-free, refundable cancellations.
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Off-airport parking lots often provide free shuttle going back and forth between the parking lot and the airport, removing any worry of traveling to and from the airport or getting stuck in traffic on the way to the airport during peak hours. Arrive on time for flights and receive significant savings with airport parking.
Besides this, we also offer services for top cruise ports in Florida, Louisiana, Maryland, New Jersey, and Texas.
Let's take a good example. Imagine that you live in Oklahoma City, Oklahoma. If you're planning a trip to Orlando, Florida, you can choose cheap parking near OKC Airport. 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.
Also, please don't forget about the airport coupons. Such a coupon can easily help you save money at the beginning of your trip, making the price for parking almost two times less. So if we talk about the Will Rogers World Airport, you can use a special OKC Airport parking coupon.
You can find the best deals, Oklahoma City Airport parking cost, and other information connected with parking near US and Canadian airports on our official website.
