Delta, American Airlines hike revenue guidance as demand offsets fuel costs

Delta Air Lines and American Airlines each raised their first-quarter revenue forecasts Tuesday as demand accelerated into March, more than offsetting a roughly $400 million fuel cost increase at each carrier stemming from the Iran war. American now expects total Q1 revenue to grow more than 10% year-over-year, up from prior guidance of approximately 7% to 10%, the company said in an SEC filing. The company described the revised figure as the highest year-over-year quarterly revenue growth in its history. ...