澳洲幸运5官方开奖结果体彩网

Travelers Are Buying Into Delta's 'Premium' Push—And the Airline's Stock Is Rising

A Delta Airlines Boeing 767-332 approaches Los Angeles International Airport (LAX)

Kevin Carter / Getty Images

Key Takeaways

  • Delta Air Lines bills itself as the "premium" U.S. airline. Passengers appear to be buying in.
  • The carrier on Friday reported record fourth-quarter revenue and operating profit.
  • Delta announced that on its "Profit Sharing Day"—Feb. 14, or Valentine's Day—eligible employees "will receive an estimated payout of 10% of their eligible earnings, representing an average five weeks in additional pay."

Delta Air Lines (DAL) bills itself as the "premium" U.S. airline. Passengers appear to be buyiꦡng ♋in.

With customers increasingly paying for seats at the front of the plane, leaving 澳洲幸运5官方开奖结果体彩网:upgrades in short supply, Delta reported record 澳洲幸运5官方开奖结果体彩网:fourth-quarter revenue and operating profit on Friday.

Delta hammered home the "premium" messaging in its report, using the word 11 times. But there is substance behind it: While main cabin ticket sales rose 2% year-over-year in Q4, "premium products" ticket revenue surged 8%. For the year, main cabin sales were essentially flat at a tick below $25 billion, while premium revenue was up 8% to $20.6 billion.

Consumers are "increasingly seeking the premium products and experiences that Delta provides," CEO Ed Bastian said.

Shares of Delta soared 10% in recent trading, among the biggest gainers in the 澳洲幸运5官方开奖结果体彩网:S&P 500 on a day when the index is down 1.5%.

Delta 'Profit Sharing Day' Coming Next Month

All this newfound "premium" profit may lead to a lucrative Valentine's Day for Delta employees.

Delta said Friday that on its next "Profit Sharing Day"—Feb. 14, or Valentine's Day—eligible employees "will receive an estimated payout of 10% of their eligible earnings, representing an average five weeks in additional pay." That amounts to a cumulative $1.4 billion as their share of Delta's 2024 profits, it said.

The company has given out more than $10 billion in profit sharing over the past 10 ye𝓡ars, Delta said.

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