Delta Air Lines predicts lift in Q2 profit

05/15/2013 | Reuters · Wall Street Journal, The

Delta Air Lines predicted a growth in profit for the second quarter. "Our summer bookings look solid," Delta President Edward Bastian said. "While corporate demand across the industry appears to be flat in terms of overall corporate spend, our corporate revenues this year to date are up 4% as we continue to grow share." Lower prices for jet fuel, helped in part by Delta's refinery, will create "solid margin expansion" in the second quarter, Bastian said.

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