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00:02Delta CEO Ed Bastian said the airline can meet its original profit goal
00:07by passing higher fuel costs to customers while maintaining strong fares as oil prices decline,
00:12according to CNBC. The airline forecast third-quarter earnings of $2 to $2.50 per share
00:20compared with analysts' estimate of $2.02 and projected revenue growth in the mid-teens.
00:26The airline also reaffirmed its full-year earnings forecast of $6.50 to $7.50 per share.
00:34Bastian said Delta is benefiting from strong demand among higher-income customers.
00:38Premium ticket revenue reached $6.92 billion in the quarter,
00:43exceeding the $6.85 billion generated by main cabin sales.
00:47Airlines reduced growth and cut unprofitable routes as fuel costs surged,
00:52helping push May airfares nearly 27% higher from a year earlier.
00:57Delta passed about 60% of its higher fuel costs to customers
01:00and expects to recover nearly all of them this quarter.
01:03For all things money, visit Benzinga.com.
01:05For all things money, visit Benzinga.com.
01:05For all things money, visit Benzinga.com.
01:06For all things money, visit Benzinga.com.
01:06For all things money, visit Benzinga.com.
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