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Higher fares help Delta quell oil hit


By Arunima Banerjee(Reuters) - Delta Air Lines Inc topped estimates for quarterly profit and operating revenue on Thursday as a rise in average fares trumped an almost 40 percent surge in fuel costs, pushing its shares higher by as much as 3 percent.The United States' second biggest airline said it flew 3.2 percent more paying customers in the second quarter and both average fares and adjusted total unit revenue - a closely-watched measure which compares sales with flight capacity - increased 4.6 percent.Bigger rival American Airlines Group Inc on Wednesday flagged lower-than-anticipated ...

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First Published: Thu, July 12 2018. 21:42 IST