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00:02U.S. airlines reported strong booking trends as travelers purchase tickets ahead of expected fare
00:07increases tied to rising fuel costs from the Iran War, according to Bloomberg.
00:12Delta now expects sales growth in the high single digits through March,
00:16above prior guidance of 5% to 7%.
00:19American Airlines expects record revenue growth above 10% for the quarter,
00:24while rising fuel costs pressure margins and push its adjusted loss per share downward.
00:28Delta reported a $400 million fuel cost increase this month
00:33and expects first quarter revenue of $15 billion to $15.3 billion.
00:39The aviation industry has been disrupted by the conflict,
00:42forcing airlines to reroute flights around war zones while rising jet fuel prices.
00:47United Airlines will reduce capacity and cut marginal routes to prepare for further impact from rising prices,
00:53CEO Scott Kirby said.
00:55For all things money, visit Benzinga.com.
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