Cost ManagementManagement sees one point of unit cost pressure from maintenance timing, airport timing, etc., two points from labor costs, including the flight attendant agreement, and a snap up on pilots’ pay, and two points of lower growth, as aircraft deliveries should be slow.
EarningsThe merger is expected to be dilutive to earnings per share through 2025.
Financial GuidanceConsensus estimates for 3Q24 and FY24 are viewed as too high given Delta's guidance.