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Rising fares push Delta past profit estimates

Reuters 

By Arunima Banerjee(Reuters) - Delta Air Lines Inc topped estimates for quarterly profit and operating revenue Thursday as a rise in average fares trumped an almost 40 percent surge in fuel costs, pushing shares higher.Delta said it flew 3.2 percent more paying customers in the quarter and both average fares and adjusted total unit revenue - a closely-watched industry measure which compares sales with flight capacity - increased 4.6 percent.Given the additional fuel costs, however, the airline also said that it planned to cut less profitable flights in its new schedule for the second half of ...

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First Published: Thu, July 12 2018. 21:32 IST
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