- Published: Wednesday, 30 January 2019 16:45
Furlough of FAA inspectors also slows airline’s introduction of new Airbus planes
Delta Air Lines Inc. forecast sluggish revenue growth for early this year in part because of business lost to the federal government shutdown.
The Atlanta-based carrier said Tuesday that it expects first-quarter unit revenue—a key industry metric—to be flat or rise at most by 2% as federal workers travel less during the spending fight between the Trump administration and Congress.
Chief Executive Ed Bastian said the shutdown would cost Delta this month about $25 million in revenue from government travel. The airline also attributed its tempered outlook to a stronger U.S. dollar and to the timing of this year’s Easter holiday in April, which pushes a busy travel period beyond the first quarter.
This is an excerpt from The Wall Street Journal.