A Delta Air Lines Boeing 767-300 landing in Amsterdam.
Nicolas Economou | NurPhoto | Getty Images
Delta Air Lines‘ fourth-quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel demand — particularly for high-priced premium tickets — boosted the carrier’s results.
Shares opened 3% higher Tuesday.
Delta doesn’t have the beleaguered Boeing 737 Max in its fleet, the plane that has been grounded since March after two fatal crashes in Indonesia and Ethiopia killed 346 people. Competitors American, Southwest and United do have the Max in their fleets and have had to scale back growth planes as the fuel-efficient jets wait to be cleared by regulators to fly again.
The crash led to a ballooning crisis at Boeing that cost the previous CEO his job and drew ire from lawmakers over internal emails that showed Boeing employees gloating about bullying regulators into approving less-rigorous training than some had requested. Boeing’s new CEO, General Electric…