Delta Air Lines reported higher-than-expected quarterly profits thanks to cheaper fuel and strong travel demand.
do have the Max in their fleets and have had to scale back growth planes without the fuel-efficient jets cleared by regulators to return to service.Delta reported net income of $1.1 billion, up 8% from the fourth quarter of 2018. Revenues in the three months ended Dec. 31 rose 6% from a year earlier to $11.44 billion, slightly above analysts' estimates.
Delta benefited from cheaper fuel and the unwinding of its minority stake in Brazilian carrier Gol, the result of Delta'sAdjusted earnings per share: $1.70 versus $1.40 expected.Delta said it expects unit revenues to be flat to up 2% in the first quarter of 2020, and flat margins. The airline reiterated its 2020 guidance of earnings per share of $6.75 to $7.75.
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