Delta expects to turn a profit because customers are willing to pay higher fares ...Middle East

Economy by : (Quartz) -
Since the war in Ukraine began seven weeks ago the price of jet fuel has risen to its highest level since 2014, and commercial flying has gotten more expensive.But Delta Air Lines says this hasn’t slowed down demand—in fact, the company booked more flights in March than any other month in its 90-plus year history, CEO Ed Bastian said today (April 13). Though the airline reported a net loss of $940 million in the quarter ending March 31, it expects to turn a profit in the coming months thanks to this sustained demand.Delta’s stock rose on the news, as did shares of its competitors American and United, which report earnings next week.Read the rest of this story on qz.com. Become a member to ge

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