Thursday, October 21, 2010

Delta Benefits From Higher Fares, Travel Rebound

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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