Delta, American raise revenue guidance, citing growth in demand

Delta, American raise revenue guidance, citing growth in demand

CNBC

CEO Ed Bastian told CNBC's Phil LeBeau that Delta had taken a $400 million hit so far for the fourth quarter, but that demand has been "really, really great."

Delta Air Lines and American Airlines raised revenue expectations for the first quarter on Tuesday, despite carriers dealing with higher jet fuel prices since the war in Iran started.

Delta CEO Ed Bastian told CNBC's Phil LeBeau that Delta had taken a $400 million hit so far for the fourth quarter, but that demand has been "really, really great," which was leading to higher revenue growth than the airline had originally guided for.

"The higher revenue is offsetting the cost of not just the fuel, but we've also had a pretty tough winter season in terms of storms," he said. "So you put that all together, we're expecting to come in within the original guidance of 50 to 90 cents EPS."

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