By Joshua Freed
MINNEAPOLIS — Rising fares haven’t kept passengers away, judging by financial results at Delta Air Lines and US Airways.
Both airlines reported quarterly profits on Wednesday. They each said travel demand appears to be holding up, suggesting that planes will be full and fares will be higher for the busy summer travel season.
Delta, the nation’s second-biggest airline, said it will reduce flying as much as 3 percent during the quarter that ends in June. The idea is that travelers will pay more for the remaining seats. So far, that appears to be working.
Delta earned $124 million for the most recent quarter and US Airways earned $48 million. Both airlines lost money a year ago, and both benefited from special items for their quarterly profit this year.