Delta Boosts 2023 FCF Guidance To $3B; Reiterates 2024 Targets Of >$4B - Filing
Portfolio Pulse from Benzinga Newsdesk
Delta Air Lines has increased its 2023 free cash flow (FCF) guidance to $3 billion and reiterated its 2024 targets of over $4 billion, according to a filing.
June 27, 2023 | 11:19 am
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Delta Air Lines (DAL) has raised its 2023 FCF guidance to $3 billion and maintained its 2024 targets of over $4 billion.
Delta's increased FCF guidance for 2023 and reiterated targets for 2024 indicate a positive outlook for the company's financial performance. This news is likely to have a positive impact on the stock price in the short term as it reflects the company's confidence in its future cash generation.
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