Delta Air Lines CEO on earnings: Consumer travel is beyond 2019 levels

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CNBC’s Phil LeBeau discusses Delta’s earnings report and outlook with Delta Air Lines CEO Ed Bastian. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

Delta Air Lines on Wednesday reported second-quarter revenue that topped Wall Street’s estimates and said leisure and business travel bookings rose sharply after more than a year of pandemic lockdowns.

The Atlanta-based airline posted a profit of $652 million, snapping a five-quarter streak of losses, thanks to federal coronavirus aid that offset some of its costs.

Delta shares were down more than 1% in late-morning trading.

While still hamstrung by weak international air travel, revenue will continue to improve compared with recent months, Delta said. For the third quarter, Delta said it expects revenue will be down 30% to 35% over 2019, when it brought in $12.56 billion.

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