Delta Air Lines (NYSE:DAL) shares surged more than 3% today morning following the company's announcement that it anticipates its full-year profit forecast to be at the upper end of its previous projection. Delta attributes this positive outlook to the sustained demand for travel, stating that it expects its fiscal year 2023 EPS to be within the high range of $5-6. Additionally, Delta reiterates its targets for the fiscal year 2024.

The company also highlights that consumer trends continue to exhibit favorable patterns. For the current quarter, Delta anticipates reporting a profit ranging from $2.25 to $2.50 per share, surpassing the Street estimate of $2.21.

Furthermore, Delta expects its full-year operating margin to be at the upper end of the 10-12% range. Similarly, the return on invested capital (ROIC) for the fiscal year is now projected to exceed 13%, compared to the previous forecast of "low double digits."

Delta foresees a free cash flow (FCF) of $3 billion for the fiscal year, an increase from the earlier projection of "greater than $2 billion." Overall, adjusted revenue for the fiscal year is expected to rise by 17-20%, with second-quarter revenue predicted to increase by 17-18%.