Market News / Story
Delta falls as higher fuel costs pressure margins; outlook misses
Seeking Alpha ·
Seeking Alpha reports: Shares of Delta Air Lines eased about 5% in the premarket trading on Friday after the carrier reported September-quarter earnings below Bloomberg estimates and lowered its full-year profit outlook as higher fuel costs weighed on margins. Adjusted earnings were $1.72 a share, below the $1.82 Bloomberg consensus estimate, while adjusted revenue rose 16% to $17.59 billion, slightly missing the $17.66 billion estimate. Revenue benefited from strong travel demand and…