Delta Air Lines sees profit margins doubling from cheap fuel
Delta Air Lines | January 19, 2016
Delta Air Lines Inc (DAL.N) on Tuesday said a billion-dollar windfall from low fuel prices will far offset slumping sales to Europe after the November Paris attacks, forecasting its profit margin will more than double in the first quarter.Shares were up around 3 percent in afternoon trading, despite Delta reporting a fourth-quarter adjusted profit of $926 million just short of analysts' average estimate of $928 million, according to Thomson Reuters I/B/E/S.