Delta Air Lines mix capacity to drive positive outcomes, says Susquehanna

Susquehanna analyst Christopher Stathoulopoulos said he was not surprised by the Delta Air Lines share decline following its earnings report given the run-up into the announcement on positive headlines around holiday travel demand. He does not view 2023’s now labor-burdened CASM-ex as "structurally unsound," with the company’s balanced mix of capacity for 2023 in advantageous parts of the network driving positive RASM and margin outcomes. Stathoulopoulos maintains his Positive rating and $45 price target on Delta Air Lines shares.