Delta Air Lines on
Wednesday offered an upbeat outlook for the current quarter
after its first-quarter earnings topped Wall Street estimates on
buoyant travel demand. The Atlanta-based.
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CHICAGO (Reuters) -Delta Air Lines offered an upbeat outlook for the current quarter on Wednesday after its first-quarter earnings topped Wall Street estimates on buoyant travel demand, sending its shares nearly 5% higher in premarket trading. United Airlines were up almost 5% in premarket, with American Airlines rising nearly 3%. JetBlue Airways and Alaska Air rose about 1% each, while Southwest Airlines climbed 1.5%.
U.S. no-frills carrier Frontier Airlines is focusing on growing its network in "high fare" markets like Seattle and Detroit at the expense of its footprint in leisure markets such as Las Vegas and Florida in a bid to lift earnings, its CEO told Reuters. Frontier's struggles, along with some other discount carriers, has some analysts raising questions about their business model. Frontier CEO Barry Biffle pinned the blame on excess industry capacity in key leisure markets that has depressed airfares.
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