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Delta CEO sees 'marginal benefit' as competitors grapple with Boeing MAX grounding

Delta CEO sees 'marginal benefit' as competitors grapple with Boeing MAX grounding

(Reuters) - Delta Air Lines Inc ( DAL.N ) sees the momentum behind 6.5% quarterly revenue growth continuing throughout the year, Chief Executive Ed Bastian said, citing strong domestic demand that led the No. 2 U.S. carrier to lift its full-year profit forecast. Atlanta-based Delta is the first of the four U.S. major airlines to report second-quarter

Delta Air quarterly profit surges 39% on higher fares

Delta Air quarterly profit surges 39% on higher fares

(Reuters) - Delta Air Lines Inc ( DAL.N ) reported a 39.3% rise in quarterly profit on Thursday, as the second-largest U.S. carrier benefited from higher fares and flying fuller planes. Supply constraint due to the extended grounding of the Boeing 737 MAX planes is expected to help U.S. airlines that do not have the jet in their fleet, including Delta

Southwest updates safety information cards to avoid Boeing 737 Max confusion

Southwest updates safety information cards to avoid Boeing 737 Max confusion

CLOSE Southwest Airlines Boeing 737 MAX aircraft are parked on the tarmac after being grounded, at the Southern California Logistics Airport in Victorville March 28. After two fatal crashes in five months, Boeing is trying hard to present itself as unfazed by the crisis that surrounds the company. (Photo: MARK RALSTON, AFP/Getty Images) Southwest Airlines

American Airlines raises unit revenue forecast, shares rise

American Airlines raises unit revenue forecast, shares rise

(Reuters) - American Airlines Group Inc ( AAL.O ) on Wednesday raised its estimate for second-quarter unit revenue as the grounding of Boeing Co’s ( BA.N ) MAX jets left the No. 1 U.S. carrier with fewer aircraft in service, allowing it to fly fuller planes. The company’s shares rose 3% in early trading and also lifted the stocks of other airlines,

American Airlines sees $185 million profit hit from Boeing MAX grounding

American Airlines sees $185 million profit hit from Boeing MAX grounding

(Reuters) - American Airlines Group Inc ( AAL.O ) said on Wednesday its second-quarter profit would be reduced by about $185 million as the No.1 U.S. airline had to cancel thousands of flights due to the grounding of Boeing Co’s ( BA.N ) 737 MAX jets. The airline, which has already pulled MAX off its flying schedule through Sept. 3, had in April cut

American Airlines raises forecast for key revenue measure

American Airlines raises forecast for key revenue measure

(Reuters) - American Airlines Group Inc ( AAL.O ) on Wednesday raised its second-quarter forecast for unit revenue, a closely watched performance measure for carriers, as the grounding of Boeing Co’s ( BA.N ) 737 MAX jets reduced its overall fleet size. The No.1 U.S. airline said it now expects unit revenue, which compares sales to flight capacity,