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Soaring Delta growth beats Street

January 22, 2014

Delta Air Lines reported a higher-thanexpected fourth-quarter profit yesterday, aided by lower fuel costs and higher fares. Delta, now the third-largest US airline behind the newly merged American Airlines and United Continental , said it expected margins to widen in the current period. Quarterly net income was $8.5bn , aided by an $8bn tax benefit, up from $7m a year earlier. Revenue rose six per cent to $9.08bn .

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Source: City A.M. (UK)

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