Delta's quarterly profit tops estimates on booming international travel

Delta Air Lines reported stronger-than-expected quarterly profit due to strong international travel, but lowered its full-year outlook because of higher fuel costs. Delta CEO Ed Bastian stated that the demand for Delta's products remains high and that their domestic business is strong. The company's adjusted earnings for the third quarter were $2.03 per share, surpassing analysts' expectations. However, a rise in fuel costs is impacting the company's profits. Delta now expects adjusted earnings of $6 to $6.25 per share for the year, compared to the previous estimate of $6 to $7 per share. https://ift.tt/hdsNSiL