U.S. airlines rise as companies forecast relief from cash burn

Data Applications Co

14/07/2021 15:14

** U.S. airlines rise as companies forecast relief from cash
burn with increase in passenger traffic 
    ** American Airlines  AAL.O  forecast positive cash flow in
Q2 for the first time since the pandemic began  urn:newsml:reuters.com:*:nL4N2OP3JV
    ** Delta Air Lines  DAL.N  posted its first quarterly profit
since the start of the pandemic and expects to remain profitable
for the rest of the fiscal year 
    ** DAL CEO told Reuters about the company leaving behind its
days of cash burn  urn:newsml:reuters.com:*:nL4N2OQ2VQ
    ** Broader market also up as after comments from the Federal
Reserve fueled hopes the central bank would stick to its
accommodative monetary policy despite a sharp jump in inflation
last month  urn:newsml:reuters.com:*:nL4N2OQ37D
    ** American Airlines  AAL.O  up over 5%, while DAL up
marginally
    ** United Airlines  UAL.O , Southwest Airlines  LUV.N ,
Spirit Airlines  SAVE.N  and Alaska Air  ALK.N  rise between 1%
and 2%
    

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))