Managed corporate travel volume grew by “double digits” year over year in the second quarter of 2024, according to Delta Air Lines executives, speaking on an earnings call. Glen Hauenstein, president, said the carrier’s growth in this “high-value segment” was the result of broad demand and growth across all sectors. The airline said it was the sixth month in a row of double-digit percentage volume growth for the segment.
The carrier expects business travel volume growth to continue, said Hauenstein, “with 90% of companies in our recent corporate survey saying they intend to maintain or increase travel volumes in the back half of the year.”
In other earnings news, Delta:
- Reported second-quarter passenger revenue of $13.8 billion, up 5% year over year. Total revenue was up 7% to nearly $16.7 billion.
- Had second-quarter net income of $1.3 billion, down from the more than $1.8 billion reported a year prior.
- Saw second-quarter average capacity increasing 8% compared with the second quarter of 2023. Domestic capacity was also up 8%, with capacity in the Atlantic region up 2%, Latin America up 19% and the Pacific region up 30%, year over year. Delta projects third-quarter capacity to increase 5%-6% globally.
