U. S. airline Companies, which were hit the most due to the economic slowdown, are slowly hitting the road to recovery, reveals the date of their latest revenues and sales.
Though the rising fuel prices have always concerned them, U. S. airline executives are upbeat about the recovery in business travel. This, in turn, has led to an increase in international and domestic passenger revenue.
"Corporate revenues are driving a considerable amount of the improvement”, said Ed Bastian, the President of Delta Air Lines Inc. (DAL), the country's largest carrier in terms of traffic, Tuesday.
Speaking at a conference, Mr. Bastian disclosed that Delta’s earning from corporate sales had shot up 63% till May-end, as compared to the concurring period the previous year.
Besides, the unit revenue on flights to Asia witnessed an increase of 50% in June, and was up 30% on trans-Atlantic services, Bastian added.
Upbeat over the earnings, Delta has increased its estimate of second-quarter operating margin to 10-11%, compared to April forecast of 8-10%.
The Chairman and Chief Executive of American Airlines parent AMR Corp. (AMR), Gerard Arpey, said it was being witnessed that corporations had started allowing their employees to travel in the premium cabins.
- Bitcoin investors call for protection after collapse of two major Bitcoin platforms
- South Yorkshire cottage has been crashed into by 40 cars over last 14 years
- Doctors to Reconstruct People's Faces with Stem Cells from their Fat
- $10 Urine Test is Twice as Accurate as Existing Tests for Prostate Cancer Diagnosis
- People Shorter in height May be Short of Intellect too: Study