Delta Air Lines remains on track to produce 2017 forecast pre-tax profit

Delta Air Lines CEO Ed Bastian stated (12-Apr-2017) the carrier's "durability" is evident in its ability to withstand disruptions caused by bad weather as well as rising fuel prices, and "yet remain on track to produce 2017 forecasted pre-tax profit" similar to the USD6 billion range made in 2016. Mr Bastian said Delta is now back to positive unit revenues, and expects the revenue recovery to gain momentum as the carrier moves forward. He said this puts the carrier back in the position of generating the top line growth necessary to offset the cost pressures it faces, and produce margin expansion in its business over the long term. Delta remains "committed to keeping our capacity capped at 1%" for 2017, Mr Bastian noted, as it believes this will help firm unit revenues and "get us through this year on better footing". [more - original PR]