Delta Air Lines earnings: A bet on high-paying flyers as forecast disappoints

Delta Air Lines said strong demand among premium customers willing to pay more for bigger seats and in-flight perks could boost earnings by more than 20% this year but its shares fell after the airline’s forecast came in below Wall Street expectations. The airline said high-end demand continues to outpace sales in standard coach cabins, a trend that has accelerated as wealthier travelers keep flying while more price-sensitive customers pull back. Main cabin ticket revenue fell 7% in the fourth quarter fro ...