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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