CNNFN writes article about Delta avoids turbulence despite oil price spike:
by Paul R. La Monica @lamonicabuzz April 14, 2016: 11:41 AM
ET
What is a low-cost carrier?
What is a low-cost carrier?
It looks as though smoother skies may finally be ahead for Delta — even as
oil prices continue to rebound.
Delta reported better than expected first-quarter earnings on Thursday,
despite charges the airline took to reflect the strength of the dollar
as well as the impact from the terrorist attacks in Brussels last
month.
The airline also predicted that results would improve for the second
quarter, as well.
Shares of Delta (DAL) rose 2% on the news. Delta’s stock is still
down year-to-date, though, as are shares of many other airlines.
But the worst may soon be over.
Ed Bastian, the incoming CEO of Delta, said in the earnings release
that Delta “will continue to be disciplined with our business in the
face of volatile fuel prices.” Bastian is replacing Richard Anderson,
who is retiring in May.
Oil prices have risen sharply in the past few weeks. But Delta, like
other airlines, uses financial hedges to help minimize the impact that
CNNFN Article Source Here.