Recent strikes by Hollywood talent and autoworkers are weighing on business travel demand, Delta Air Lines said.CREATE FREE ACCOUNT
Delta has an outsized exposure to the automotive and entertainment industries, with a more than 70% market share at Detroit Metropolitan Wayne County Airport and a nearly 20% share at Los Angeles International Airport, more than any other carrier, according to airport data. Delta's Hauenstein noted that demand from technology and financial services customers posted double-digit growth in the third quarter, contributing to an overall rebound for business travel.
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Delta Air Lines earnings top forecasts, but higher fuel costs will hit travel boom profitsDelta Air Lines said it sees the ongoing travel boom extending into the end of the year, but cautioned that higher fuel costs will dent profit margins.
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