Delta Air Lines Inc. led shares of U.S. carriers higher after posting fourth-quarter profit that topped analysts’ estimates and forecasting an operating margin of as much as 8 percent in this year’s initial three months.
American Airlines risks having to tap its $5 billion bankruptcy cash fund and probably will lose some passengers after on-time arrivals tumbled, cancellations surged and incorrectly installed seat clamps were found on six planes.
Southwest Airlines Co. flies more passengers in the U.S. than any other carrier and serves 29 of the 30 largest metropolitan areas. To federal regulators, that’s not enough to be considered an influential industry competitor.
Continental Airlines Inc., the focus of merger talks with UAL Corp.’s United Airlines, reported a wider first-quarter loss than analysts projected as low-fare carrier Southwest Airlines Co. posted a profit.