Delta lifts 2019 revenue forecast after quarterly growth
US airline rises 3% as total operating revenue grows 5.1% to $10.47bn in the first quarter
Chicago — Delta Air Lines on Wednesday lifted its 2019 revenue forecast after reporting better-than-expected quarterly profits, boosted by robust travel demand and a renewed agreement with credit-card issuer American Express, “Demand for Delta’s product has never been stronger,” said president Glen Hauenstein. The second largest US carrier expects full-year revenue growth of 5% to 7%, Hauenstein said, an increase from 4% to 6% previously. Total operating revenues grew 5.1% to $10.47bn in the first quarter to March 31, as growth in premium ticket sales and the airline’s maintenance business helped offset lower cargo volumes. Shares of the airline opened 3% higher at $58.78. The results relieved investor concerns about the impact of a US government shutdown in January and severe weather on first quarter results. Atlanta-based Delta does not own the Boeing 737 MAX, which was grounded worldwide in March following two fatal crashes. As a result, its shares have outperformed those of riv...
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