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Delta reports record quarterly revenue but cuts its profit forecast as fuel costs rise. Will United tell a similar story on October 20?
Delta Air Lines reported record third-quarter revenue but slashed its full-year profit outlook due to soaring fuel costs. Premium demand remains strong, yet higher expenses eroded margins. United’s upcoming earnings will reveal if similar pressures affect its results.
By Rajesh Kumar Singh CHICAGO, Oct 9 (Reuters) - Delta Air Lines cut its annual profit forecast by nearly a quarter at the midpoint on Friday as surging fuel costs overwhelmed strong travel demand and