Delta Air Lines Inc shares rose 7 percent on Tuesday after the No.2 U.S. airline...
FILE PHOTO: A Delta Air Lines flight is pushed put of its gate at the airport in Salt Lake City, Utah, U.S., January 12, 2018. REUTERS/Mike Blake/File Photo
The news boosted shares of rivals, with United Airlines, American Airlines and Southwest Airlines Co all up between 1 percent and 3 percent in morning trading. The quarter started with the longest shutdown in U.S. government history and ended with worldwide groundings of Boeing jets. This led to widespread cancellations in travel plans, with several airlines warning of a potential hit.
On Tuesday, Atlanta-based Delta said it expects first-quarter profit of 85 cents to 95 cents per share, compared with its earlier forecast of 70 cents to 90 cents per share. Analysts currently expect earnings of 80 cents per share.
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