Several airlines, including Delta and American, announced on Tuesday that they have raised their revenue expectations for the first quarter, despite facing challenges with increasing jet fuel prices due to the war in Iran. Delta Air Lines CEO Ed Bastian mentioned that although the company has taken a $400 million hit in the fourth quarter, they are expecting higher revenue growth than initially anticipated, thanks to strong demand.

American Airlines also expects total revenue to increase by more than 10%, compared to their previous expectation of 7% to 10%, due to better-than-expected demand. The airlines’ executives expressed optimism at the JPMorgan conference, with United Airlines CEO Scott Kirby highlighting the need for fare increases to offset rising fuel costs. The airlines’ ability to maintain strong revenue growth amidst fuel price challenges demonstrates their resilience and strategic planning to navigate through industry turbulence.