Delta Air Lines’ profit miss on higher fuel costs clouds strong forecast
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines on Thursday forecast higher-than-expected profit for the current quarter, citing “record” bookings for summer travel, even as the carrier missed first-quarter profit estimates due to higher fuel and labor costs. Shares of the carrier were initially up about 4%, but fell 3% in morning trade as investors parsed through the results for cues on risks to demand from rising costs. Rivals […]