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.
Southwest Airlines Co. won the most flying rights at Washington’s Reagan National Airport, topping JetBlue Airways Corp. in the last major asset sale demanded by regulators for the merger creating American Airlines Group Inc.
JetBlue Airways Corp. said it will buy the rights to add 12 round-trip flights at Washington’s Ronald Reagan National Airport being shed by American Airlines as a condition for its merger with US Airways Group Inc.
Profit growth for U.S. companies probably accelerated for a third straight quarter as strengthening consumer demand drove sales for General Motors Co. to Apple Inc. and underpinned a manufacturing recovery.
Latam Airlines Group SA, Latin America’s biggest carrier, rose the most in eight months after Deutsche Bank AG recommended buying the stock and said costs will decline as the company pares an expansion drive.
Republic Airways Holdings Inc. is counting on pilots approving concessions to kick-start a $120 million restructuring plan at its Frontier Airlines unit, 20 months after buying the carrier out of bankruptcy.