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Delta's Fuel Bill Just Changed the Story
GuruFocus ·
GuruFocus reports: U.S. airline Delta Air Lines Inc. (DAL, Financials) slumped over 4% increased fuel prices that obscured solid travel demand and prompted the company to reduce its full-year profit projection. Adjusted sales rose 16 percent to $17.6 billion in the third quarter from $15.2 billion a year earlier, missing Wall Street expectations of $17.65 billion. Adjusted profits increased to $1.72 a share from $1.71 but fell short of the $1.82 average expectation. The real trouble was…