Delta CEO says he has 'ultimate confidence' in Boeing to fix 737 Max jets

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Delta CEO says he has 'ultimate confidence' in Boeing to fix 737 Max jets
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Delta has avoided the fallout from the prolonged 737 Max grounding, posting first-quarter earnings Wednesday that beat Wall Street's expectations for both profit and revenue.

Delta Air Lines CEO Ed Bastian said he's confident Boeing will figure out a software fix for the 737 Max jets implicated in two crashes that killed 346 people over five months.

The airline industry has been reeling from the aftermath of the crashes in Ethiopia on March 10 and Indonesia on Oct. 29. Boeing said it will cut 20 percent of its 737 Max production as it works on a software fix. Bad data feeding into the aircraft's automated flight system is suspected as a possible cause of the crashes.

Boeing is expected to launch a new midsize aircraft, the 797, which could potentially be backlogged as a result of continued troubles with the its 737 Max.

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