Atlanta-based Delta Airlines Inc. swung to a profit in the third quarter as fares for tickets increased and customer demand for travel rebounded after three years of declines.The world’s second biggest airline said third-quarter earnings were $363 million, or 43 cents per share. Last year it lost $161 million during the same period.
“Delta’s revenue performance exceeded our expectations for the quarter, with particularly strong performance from our international markets,” said President Ed Bastian in a statement.
The company is forecasting strong holiday travel demand this winter. Delta is the initial of major airlines to release quarterly earnings.
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