Earnings

Delta (DAL) earnings Q4 2019 beat estimates

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A Delta Air Lines Boeing 767-300 landing in Amsterdam.

Nicolas Economou | NurPhoto | Getty Images

Delta Air Lines‘ fourth-quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel demand — particularly for high-priced premium tickets — boosted the carrier’s results and sent shares up more than 4%.

Delta doesn’t have the beleaguered Boeing 737 Max in its fleet, the plane that has been grounded since March after two fatal crashes in Indonesia and Ethiopia killed 346 people. Competitors American, Southwest and United do have the Max in their fleets and have had to scale back growth planes as the fuel-efficient jets wait to be cleared by regulators to fly…



Source cnbc.com

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