Delta posts profit beat on loyal, new customers as rivals battle 737 MAX crisis

Delta Air Lines Inc posted on Tuesday a fourth-quarter profit that beat Wall Street forecasts, boosted by customers gained from rival airlines’ 737 MAX cancellations and what CEO Ed Bastian said was a growing preference for the Delta brand. Airlines that own Boeing Co’s 737 MAX are together cancelling more than 10,000 monthly flights as the aircraft remains grounded following two deadly crashes. Delta does not operate the MAX, enabling it to grow its flight capacity and capture new customers while peers like Southwest Airlines Co have had to scale back. …read more

Source:: Yahoo Finance