Delta tops estimates on booming international travel

Delta Air Lines has a message for investors worried about signs of softening demand on domestic routes: the travel boom is not over yet

The US-based carrier on Thursday said it continues to see strength in bookings across its global network as travel remains a "top purchase priority" for customers. As a result, its revenue outlook since the summer has improved, the company said.

Key takeaways

• Delta said domestic travel demand is "steady" and initial bookings for the peak holiday periods are strong. Meanwhile, the demand for overseas trips has stayed strong through the autumn season;
• In addition, the airline said it has seen a pickup in business travel since the Labor Day holiday early last month;
• Delta's comments come against a backdrop of softening domestic demand, leading to worries that consumers are cutting back on travel spending due to a depletion of household savings, the resumption of student loan repayments and high interest rates.

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