Delta Airlines (DAL) CEO says US economy remains on a firm footing; consumers continue to prioritise experiences with travel among top spending categories

• Business travel is showing signs of improvement as corporate confidence grows.
• Set a new weekly bookings record last week with cash sales up double digits Y/Y.
• Rev. growth of 5-7% in the March quarter.
• EPS growth of 20% Y/Y in 2026, ahead of the Co's long-term target.
• FCF of USD 3-4bln in 2026.
• In 2026, expects high single-digit growth in co-branded remuneration; keeping the US on track to achieve its USD 10bln goal within the next few years.
• Yet to see marked movement in main cabin demand.

Delta Airlines' CEO highlights robust consumer spending in travel, signaling economic resilience. The record-breaking bookings and notable revenue growth forecasts indicate positive momentum for the sector; however, the lack of significant movement in main cabin demand suggests mixed recovery across travel classes. Watch for implications on sector performance and potential consumer sentiment shifts as corporate confidence improves.