The US's Delta Air Lines has increased its 2019 profit forecast to $6.75-7.25 per share as competitors struggle during the grounding of the Boeing 737 Max. Delta, which does not operate any Max planes, earned $5.67 per share in full-year and expects strong Q2 2019 results with improved sales, earnings and profit margins, with unit revenue jumping 3.6%. The carrier's 2018 revenue is predicted to see $3bn YoY growth, while rivals like American Airlines and United have been forced to cancel over 100 flights per day as their Boeing 737 Max jets remain out of service.
The US's Delta Air Lines has increased its 2019 profit forecast to $6.75-7.25 per share as competitors struggle during the grounding of the Boeing 737 Max. Delta, which does not operate any Max planes, earned $5.67 per share in 2018 and expects strong Q2 2019 results with improved sales, earnings and profit margins, with unit revenue jumping 3.6%. The carrier's full-year revenue is predicted to see $3bn YoY growth, while rivals like American Airlines and United have been forced to cancel over 100 flights per day as their Boeing 737 Max jets remain out of service.