American, Delta Reveal Growth Outlooks as Capacity Exceeds Demand

Two of the nation's biggest airlines, American (AAL) and Delta (DAL), revealed their outlooks for future growth on Thursday. American Airlines said its integration with US Airways is going smoothly. The company said it's investing in its product, with 129 new replacement aircraft this year. Also, American detailed its focus on returning value to shareholders. The company noted that although demand remains solid, capacity growth is currently exceeding demand. Delta said with modest system capacity growth of 2%, it's taking a disciplined approach to capacity. It's also focusing on bringing fuel savings to the bottom line. Delta expects further margin expansion through higher revenues, lower fuel costs and continued non-fuel cost productivity.