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Delta Air Lines shares were up 8.82% at $71.41 at the time of publication on Wednesday.
Delta's GAAP revenue of $15.85 billion beat estimates by nearly $2 billion this quarter.
KEY POINTS
- Premium and diversified revenue streams now make up 62% of Delta's adjusted revenue.
- Delta will reduce capacity growth until fuel prices improve, shifting more toward premium seating.
- Delta expects June quarter EPS of $1.00 to $1.50, well below the $2.28 estimate.
COMPANIES
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