CHICAGO: Delta Air Lines Inc sees another annual rise in profit and revenue in 2020 driven by what Chief Executive Ed Bastian called a growing interest in air travel by consumers across the generational spectrum.
Still, Bastian said Delta's investors and customers are also increasingly concerned about the environmental impact of air travel and cited airlines' ability to protect the environment as an existential threat to their growth. On Wednesday, the International Air Transport Association said overall airline profit is on course to fall faster than it initially expected in 2019 as trade wars hit global commerce and broader confidence, though it predicted a modest recovery next year.Delta's 2020 revenue target already takes into account uncertainty on the timing of a return to service of the Boeing Co 737 MAX, which has forced U.S.
Delta also announced on Thursday a deal for its Delta Private Jets subsidiary to partner with Wheels Up, a private aviation company with 190 aircraft, to create one of the world's largest owned and managed fleets of private jets.
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