Delta cutting back flying
07-12-2018 | 05:28 AM
#1
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Delta cutting back flying
From the WSJ:
BUSINESS EARNINGS
Delta to Trim Flights as Fuel Prices Rise
Higher costs are weighing on airlines after a record stretch of profits
By Alison Sider
Updated July 12, 2018 9:02 a.m. ET
Delta Air Lines Inc. said higher fuel costs are cutting into profit even as demand for air travel grows.
Delta beat earnings forecasts on Thursday as record revenue helped offset a $578 million higher fuel bill than in the second quarter of last year. But the No. 2 U.S. carrier by traffic said those rising fuel costs will weigh on profit for the rest of this year. Delta said its fuel bill in 2018 would be $2 billion higher than last year.
...
BUSINESS EARNINGS
Delta to Trim Flights as Fuel Prices Rise
Higher costs are weighing on airlines after a record stretch of profits
By Alison Sider
Updated July 12, 2018 9:02 a.m. ET
Delta Air Lines Inc. said higher fuel costs are cutting into profit even as demand for air travel grows.
Delta beat earnings forecasts on Thursday as record revenue helped offset a $578 million higher fuel bill than in the second quarter of last year. But the No. 2 U.S. carrier by traffic said those rising fuel costs will weigh on profit for the rest of this year. Delta said its fuel bill in 2018 would be $2 billion higher than last year.
...
07-12-2018 | 07:36 AM
#8
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Joined: Apr 2009
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From: Middle Seat
It was later clarified that this is an adjustment of 50-100 bps down from the expected growth of 125-150 bps. So look at a very modest growth to flat YoY in the second half.
Sounds like so far strong demand is keeping pace by supporting higher revenues to partially offset the higher fuel prices.
07-12-2018 | 07:57 AM
#10
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From: Fetal
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