Delta Air Lines (DAL) reported disappointing third quarter results, missing earnings expectations following disruptions from the CrowdStrike (CRWD) tech...
analyzes the details, examining how weather events and the upcoming election could impact consumer demand and spending in the airline sector.
Right now, our consumer happens to be a more premium consumer, a bit higher on the price and a bit more affluent, and that consumer is doing very well.It tells you that the consumer, our consumer, is doing well on on the lower end of the price scale, however, you you can see the effects and you can see what's happening to the ultra low cost carriers, even Southwest to some extent that are caught up where, where there are, I think, some price challenges.
He did add that there are two major elements that they are tracking in the current and active quarter right now, one of them being storms. So a little bit of pause in consumer spending around that period, certainly any large purchase discretionary spend.
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