Strong revenue at Delta is the latest indication that Americans are still prepared to pay for expensive flightsEconomists agree that the U.S. is teetering on the edge of recession. Earnings were slightly below what Wall Street expected, but guidance suggesting that travel demand remains extraordinarily strong led shares of all U.S. carriers to shoot up. Other airlines are also saying that the postpandemic surge in travel demand is persisting. In an update to its third-quarter outlook, American Airlines said Tuesday that revenues and margins would both be higher than previously believed. The impact of the energy crisis on less-wealthy households is more visible in Europe, where domestic economy-seat volumes haven't really recovered.

Source: Wall Street Journal October 15, 2022 05:10 UTC