Ed Bastian

Ed Bastian stated that Delta is maintaining its Q1 EPS guidance of $0.50-$0.90 despite jet fuel prices doubling and adding $400 million in cost, supported by revenue growth about 3 points above original guidance. Strong demand from premium consumers, with record sales days and bookings up 25% year-over-year, allows Delta to raise fares without significant resistance, offsetting cost pressures. LONG because Delta demonstrates operational resilience, brand strength, and the ability to thrive in a challenging environment with high fuel costs, positioning it for relative outperformance. Prolonged high oil prices or a broader economic downturn that significantly weakens travel demand, especially among premium consumers.