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Thursday, October 11, 2018

Delta's third-quarter earnings top Wall Street's expectations

Delta Air Lines reported third-quarter profits that topped Wall Street's expectations, as strong travel demand boosted revenues even as fuel prices surged during the busy summer travel season.

The second-largest U.S. airline on Thursday said its net income in the three months ended Sept. 30 rose 13 percent from a year earlier to $1.31 billion, on revenue of $11.95 billion, which increased 8 percent.

The second-largest U.S. airline on Thursday reported per-share adjusted earnings of $1.80 compared with $1.74 expected by analysts polled by Thomson Reuters.

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