Delta Air Lines (NYSE:DAL) CEO Ed Bastian told CNBC on Tuesday that travel demand has been “really, really great” despite a $400 million hit from surging jet fuel costs, as the airline raised its first-quarter revenue guidance at a JPMorgan investor conference.
Delta now expects Q1 revenue growth in the high single digits, and to come in at the original earnings guidance, at 50 to 90 cents EPS, which he described as healthy growth.
American Airlines (NASDAQ:AAL) raised its own outlook even further, guiding for revenue growth above 10%, a record for the carrier.
90% Of Revenue Comes From The Top Of The K
Bastian said Delta’s consumer base remains “very healthy,” noting that 90% of revenue now comes from the top end of the K-shaped economy.
Eight of the airline’s top ten sales days in history came in the last quarter.
Revenue is up 25% …
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