ed bastian joining us on "squawk box.pecifically the demand that you've seen it's not slowing down, is it >> it's not. thanks for coming down, phil before i start talking about that, i want to thank our people our people delivered an amazing q-3. the most difficult summer travel season on record and we, at the same time, delivered our all-time highest revenue performance for a quarter in our history. and even more importantly than that, we did it on only 83% of our scheduled capacity so the demand environment is really strong. the reliability is back. our team has done a lot of work to get the quality of service back over the last 45 days, and we're going to exude the three days that hurricane ian impacted us, we operated 120,000 flights on the mainland we had a sum total of 108 cancellations. the fourth quarter is looking really, really good. >> you've given guidance the street was going into day expecting 79 cents a share better than expected guidance relative to analyst estimates. is the fourth quarter -- which is typi

but, as you take a look at fuel, and remember, their costs are excluding fuel, ed bastian believes, we'ren costs, that will continue in the fourth quarter, and he's optimistic even with the prospect of the economy sliding into a recession that delta will grow >> i feel good about the cost profile in terms of how we're going into it. a recession in the airline business generally helps reduce fuel prices, which is good our consumers are strong business needs to get back on the road with our customers. >> and corporate travel is improving, as you take a look at shares of delta, ed bastian says they are seeing a steady increase in the number of corporate travel bookings, and this is usually the time of year that you see corporate travel making up for leisure. but because there's so much pent-up demand, you see as much leisure as usual and keep in mind that we will hear from american and united next week. i wouldn't be surprised if we see strong revenue numbers for them from the third quarter. and let's talk about the outlook. that's really the focus for the airlines does it continue beyond th

when we talked with ed bastian this morning, he made it clear they are not seeing a slowdown in demand going to continue. one busy summer isn't going to quench all the demand for travel we've seen our planes have been basically 90% full or more full every day since the 1st of april that continues into the fourth quarter as well. >> take a look at the other airline stocks today and how they're trading. it's been a little higher and then a little lower. basically with the rest of the market is what we're seeing from the airline stocks we hear from american and united next week. as i said, guys, i think we're going to hear the same thing from all of the airlines q3 was strong. q4 is going to be even stronger. guys, back to you. >> phil, david and i had a discussion about corporate this morning as well and bookings don't look to be going down any time soon. are we going to see -- i didn't see a lot this morning in the way of capacity additions. but is that in the offing or not? >> they are adding capacity. they're at about 87, 88% capacity versus where they were pre-pandemic that's the thi

ritika: coming up, ed bastian from delta airlines joining the program. this is bloomberg.-date with news from around the world, here is the first word. russian president vladimir putin has ordered the extension of martial law in all occupied zones of ukraine and stepped up security in nearby regions. it comes as ukrainian forces pressed their advance against his troops. putin told russian military council that existing military regimes in the four areas he lost last month should be extended. people who fled their homes in ukraine have since come back, saying some of the returnees may have 7.65 million ukrainians who registered as refugees across europe. the kyiv region has drawn more than 1.5 million people back as it has began to feel safe ahead of russian attacks. the hong kong chief executive has unveiled a plan to woo back foreign talent in an attempt to create a financial hub. he would relax visa rules. covid-19 policies triggered a brain drain in the city. global news, 24 hours a day on-air on bloomberg quicktake, powered by more than 2700 journalists and analysts in

ceo ed bastian saying a shift from goods to services is really what's helping drive travel demand particularlyson. delta up 5. walgreens at the top of the dow jones industrials after reporting earnings that beat analyst expectations. pharmacy chain reported adjusted earnings of 80 cents per share for its fiscal fourth quarter. that beat analysts' guesses of 77 cents. the illinois-based company expects earnings for 2023 between 4.45-4.65, in line with analyst expectations. walgreens cites a shift from a major drugstore change to a burgeoning health care business as a driver for profit growth in the coming years. that's good enough for a 6% bump on wba. domino's pizza, i was telling you about this, it's at the top of the s&p after reporting better than expected third quarter revenue. 10.6% jump here for domino's. the pizza chain announcing same-store sales popped 2% for the quarter, that beat analyst estimateses of about 1%. michigan-based chain said higher prices lifted its sales and managed to offset a drop in international franchise royalties and fee revenue due to fx weakness. albertson's, h

speaking of earnings, we get united next week but on thursday we're going to be talking to ed bastian there. we'll hear that from delta the question is does it extend beyond the holidays. we usually see this to be a quiet time, october, early november that's not the case. the planes are full, revenue is higher you saw the guidance we'll talk with ed about that on thursday just for you, ed -- or, joe, kicking off earnings season bringing you ed bastian. >> that's a good start otherwise, we're going to be in bank hell with just the banks. duels it first >> ha. >> no, it's all right. just interest expense, net interest income, all those things that are kind of arcane more fun to talk about whether people are actually flying again i think, phil. >> that's right. >> thanks. >> you bet >>> coming up next, we're going to speak with the vice president of amazon prime on inflation and consumer spending. is this week's massive october sale spell the end of the traditional holiday shopping season. >>> counting down to new inflation data, consumer price indexes are just a few minutes away stay tu