American Airlines and Delta Air Lines raise revenue forecasts as booking trends surge, travelers secure fares ahead of price hikes U.S. airline executives are reporting some of the strongest booking trends in the industry’s history, driven by a surge in demand from premium leisure and corporate travelers. These customers are rushing to purchase tickets before anticipated price increases linked to soaring fuel costs. Delta Air Lines has revised its sales growth expectations, now projecting high single-digit growth for the first quarter, up from its previous 5% to 7% range. American Airlines, based in Fort Worth and dominant at DFW International Airport, expects revenue to rise more than 10% in the quarter—a record for the company—despite fuel expenses pushing earnings projections toward the lower end of its initial guidance range. The upward trend in bookings is partly attributed to the Iran war, which has triggered a sharp spike in energy prices. Airlines are grappling with rising fuel costs, which now account for a significant portion of their operating expenses. American Airlines noted that the rapid increase in fuel prices has led it to revise its adjusted loss per diluted share forecast to the lower end of its first-quarter guidance range of 10 cents to 50 cents. Delta’s shares rose as much as 4.8% in early U.S. trading, while American’s stock jumped 5.2%, marking its largest gain in a month. Industry leaders highlighted the financial strain caused by fuel costs, with Delta CEO Ed Bastian revealing a $400 million spike in fuel expenses this month. Bastian emphasized that corporate demand is likely to remain strong if prices stay elevated for the next two months, though lower-cost carriers may struggle to absorb the increased oil prices.#iran_war #delta_air_lines #american_airlines #fort_worth #dfw_international_airport
