Delta and Southwest Say Demand Remains Strong While Budget Rivals' Profits Get Hit
Skift Take
All of the airlines are confronting a spike in fuel prices, with labor and other costs up as well. And that will hit profits.
Delta and Southwest sought to reassure investors Thursday, following negative commentary from several airlines earlier in the week. All of them are confronting a spike in fuel prices, with labor and other costs up as well. And that's going to hit the bottom line – though some will be impacted more than others.
Frontier was first to trigger worry following a big cut to its earnings forecast for the third quarter: It now expects to lose
