An Airbus A330-323 aircraft, operated by Delta Air Lines.
Benoit Tessier | Reuters
Delta Air Lines on Wednesday reported a quarterly profit thanks to travelers willing to pay up to fly, more than making up for higher costs.
The carrier also vowed to improve reliability after an increase in delays and cancellations prompted it to scale back its summer schedule.
The airline industry “was starved for revenue for the last two years,” CEO Ed Bastian told CNBC’s “Squawk Box” on Wednesday after the carrier released results. “We pushed too hard. We scaled back a bit … and in July we’re running a great operation.”
Delta shares were down more than 8% in morning trading after its adjusted results fell…