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Delta raises profit forecast, shares jump


By Alana Wise and Ankit Ajmera(Reuters) - Delta Air Lines Inc reported better-than-expected profit for the fourth quarter on Thursday, helped by higher business fares and a busy holiday travel season, and forecast even better performance in the current quarter on strong demand for seats, sending its shares up 3.5 percent in premarket trading.The No. 2 U.S. carrier is the first to report earnings after a broadly positive quarter, where most airlines managed to hike fares to offset growth in costs. Earlier this week United Airlines and American Airlines forecast higher unit revenue, followed by ...

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First Published: Thu, January 11 2018. 23:02 IST