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Delta beats on earnings as higher ticket prices provide a boost

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The airline says the closely watched total unit revenue metric will increase by 3% to 5% in the fourth quarter.

 

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Airline stocks crater after Delta issues slightly lower revenue growth outlookAirline stocks tumbled on Thursday after Delta issued a slightly lower revenue growth forecast for the fourth quarter. All major U.S. airlines were trading sharply lower. The sector is set to start reporting fourth-quarter earnings in mid-January.
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