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-0.000274951883420542 -0.000274951883420542 0.000137475941710076 0.00178718724223255 -0.000948583997800421 -0.00109980753368178 -0.00632389331866934 -0.00797360461919181
Stock impact report

UPDATE 3-Higher fares help Delta quell oil hit [Reuters]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
Company Research Source: Reuters
Rising fares push Delta past profit estimates | Reuters 3 Min Read (Reuters) - Delta Air Lines Inc ( DAL.N ) topped estimates for quarterly profit and operating revenue Thursday as a rise in average fares trumped an almost 40 percent surge in fuel costs, pushing shares higher. Delta said it flew 3.2 percent more paying customers in the quarter and both average fares and adjusted total unit revenue - a closely-watched industry measure which compares sales with flight capacity - increased 4.6 percent. Given the additional fuel costs, however, the airline also said that it planned to cut less profitable flights in its new schedule for the second half of this year. “With strong revenue momentum, an improving cost trajectory, and a reduction of 50-100 bps (basis points) of underperforming capacity from our fall schedule, we have positioned Delta to return to margin expansion by year end,” Chief Executive Officer Ed Bastian said. As developing middle classes in the world’s big emerging ec Show less Read more
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