Delta Air Lines reported a "slow but steady" recovery in corporate travel, with a stronger rebound—as well as a return to overall profitability—on track for after the summer months.
As of March, corporate travel levels were about 20 percent of what they were pre-pandemic, an improvement of five percentage points from where they were at the end of 2020, Delta president Glen Hauenstein said in an earnings call on Thursday. The carrier's most recent survey of its corporate customers showed that about a third planned to increase travel volumes in the second quarter, and the majority plan for employees to return to offices in the second half of the year, he said.
"We anticipate the significant increases [in corporate travel] will occur after Labor Day as we enter the more traditional business travel season," Hauenstein said. "That will happen as vaccinations become even more widespread and offices continue to reopen."