Delta raises revenue guidance as CEO says travel demand has been 'really, really great'

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Delta Air Lines

said Tuesday that the company was maintaining its profit guidance for the first quarter and raising revenue expectations, despite airlines dealing with higher jet fuel prices since the war in Iran started.

CEO Ed Bastian told CNBC’s Phil LeBeau that Delta had taken a $400 million hit so far for the fourth quarter, but that demand has been “really, really great,” which was leading to higher revenue growth than the airline had originally guided for.

“The higher revenue is offsetting the cost of not just the fuel, but we’ve also had a pretty tough winter season in terms of storms,” he said. “So you put that all together, we’re expecting to come in within the original guidance of 50 to 90 cents EPS.”