Pricing power at the grocery store may finally be hitting a wall.

You're listening to Motley Full Money.

Joining us now is Bill Barker.

Bill, good to see you.

Good to be here.

Thanks for having me.

Let's start with Delta's investor day.

Delta Airlines held that on Tuesday, where it bumped earnings by H. Smidge and free cash

flow generation guidance by a billion dollars.

From two to three billion, Bill, a lot of that margin revenue comes from the Delta Sky

Miles card.

When you look at these numbers, is this a travel rebound story, a consumer debt story,

or maybe a little bit of both?

I suppose a little bit of both, although I think investors in Delta are going to want

to focus on the travel rebound part of the story, which is pretty positive.

I think that the industry association is now predicting that 2023 is going to come close,

not quite match 2019's levels of travelers and revenue.

So we're not back to pre-pandemic levels.

There's good reason for that with business travel still being, I would say, highly curtailed

fighting against the pent-up vacation and individual travel stories.

So it's certainly much better levels than last year, and Delta's investor day put a spotlight

on that, and the work isn't finished, but it's a lot closer to being back to where it

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