Leading US airlines are shrugging off the impact of winter storms and the war in Iran, as demand from deep-pocketed passengers surges back following a slump induced by President Donald Trump’s policies last year.
Top executives at Delta Air Lines, United Airlines and American Airlines told a JPMorgan industrials conference on Tuesday that they each expected to post a $400mn hit to first-quarter profits after the price of jet fuel almost doubled following the closure of the Strait of Hormuz this month.
But they also noted a surge in passenger demand over the same period.
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