You are here: Home » Reuters » News
Business Standard

Delta sees double benefit from tax cut, shares rise

Reuters 

By Alana Wise and Ankit Ajmera(Reuters) - Delta Air Lines Inc is anticipating a double benefit from the U.S. corporate tax cut this year as it saves money on its own bill and expects an uptick in business travel as companies use tax savings to invest in generating new business."We're very excited about the potential for increased business demand with the tax cuts," Delta President Glen Hauenstein told analysts in a conference call after quarterly earnings on Thursday. "We haven't seen that materialise yet, but we expect that to materialise in the first quarter."The No. 2 U.S. carrier ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, January 11 2018. 23:57 IST
RECOMMENDED FOR YOU