Delta Air Lines Inc on Wednesday gave an upbeat profit forecast for the second q...
- Delta Air Lines Inc on Wednesday gave an upbeat profit forecast for the second quarter and reported a better-than-expected quarterly profit, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand.
Shares of the No.2 airline rose 3 percent as the results offered some relief to investors worried that airline profits could come under pressure from the prolonged U.S. government shutdown, global groundings of Boeing 737 MAX jets and increased outages. Analysts say Delta’s renewed deal with American Express Co earlier this month was likely to add about $400 million to its 2019 revenue.
At the midpoint of the range, the profit forecast was above average analyst estimate of $2.13 per share, according to IBES data from Refinitiv.
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