You are here: Home » Reuters » News
Business Standard

Delta raises profit forecast, shares jump

Reuters 

By Alana Wise and Ankit Ajmera(Reuters) - Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday, helped by higher business fares and a busy holiday travel season, and forecast even better performance in the current quarter on strong demand for seats, sending its shares up 3.5 percent in premarket trading.The No. 2 U.S. carrier is the first to report earnings after a broadly positive quarter, where most airlines managed to hike fares to offset growth in costs. Earlier this week United Airlines and American Airlines forecast higher unit revenue, followed by ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, January 11 2018. 23:02 IST
RECOMMENDED FOR YOU