The second largest US airline, Delta Air Lines, is being forced to lower its profit forecast for the year due to increased fuel costs.
The company, which previously had a forecast between $6.35-6.70 per share, is now forced to revise it down to $5.35-5.70, it announced in connection with its interim report.
Revenue for the quarter, however, came in at $11.78 billion, compared with $10.75 billion a year earlier. Analysts had expected revenue of $11.72 billion, according to a Reuters poll, and the result sent the company's shares up 1.6 percent in premarket trading on Wall Street.
Source: TT
