Delta Air Lines Gains After Projecting Low Jet-Fuel Prices
- Carrier expects to save more than $3 billion for full year
- Currency pressures are forecast to weigh on unit revenue
The silhouette of a traveler is seen walking past Delta Air Lines Inc. airplanes parked at gates of Ronald Reagan National Airport in Washington, D.C., U.S., on Wednesday July 16, 2014.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Delta Air Lines Inc. rose after the company said it expects to pay the lowest price for fuel since its 2008 merger with Northwest Airlines.
Tumbling oil prices will help the company save more than $3 billion over this year, Chief Executive Officer Richard Anderson said in a statement Tuesday. Fuel is expected to cost $1.20 to $1.25 a gallon in the first quarter, compared with $1.85 a gallon in the last three months of 2015, the Atlanta-based carrier said.