Delta Air Lines on Thursday reported stronger-than-expected quarterly earnings, but trimmed its full-year profit outlook due to higher fuel costs. The...
Delta Air Lines planes are seen at John F. Kennedy International Airport on the July 4th weekend in Queens, New York CityCHICAGO - Delta Air Lines on Thursday reported stronger-than-expected quarterly earnings, but trimmed its full-year profit outlook due to higher fuel costs.
The company reported an adjusted profit of $2.03 per share for the third quarter, above the $1.94 per share expected by analysts in a LSEG survey, helped by a 35% year-on-year increase in international passenger revenue.In the December quarter, it expects adjusted earnings in the range of $1.05 to $1.30 per share. That compares with the $1.11 estimated by Wall Street analysts.
Airline fares, however, have been posting a double-digit decline from a year ago. Ticket prices for holiday travel are also down.
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