Delta Air Lines reported fourth-quarter earnings and revenue that beat Wall Street estimates, primarily due to strong demand for premium cabin travel that contributed significantly to their overall revenue.
Delta's premium cabin revenue increased by 8% to over $5.2 billion compared to a 2% growth in its main cabin, showcasing the airline's strategy to capitalize on the growing demand for premium air travel.
President Glen Hauenstein noted that baby boomers have driven premium demand, but he anticipates younger, wealthier generations will maintain and even increase this demand going forward.
The airline observed increased demand for international travel, particularly transatlantic routes, which saw a revenue increase of 6% despite reducing capacity by 2%.
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