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Delta tumbles after cutting forecast on rising jet-fuel prices [Business News Network (BNN) Energy & Resources (Canada)]

AMERICAN AIRLINES GROUP INC C (AAL)  More Company Research Source: Business News Network
Last american airlines group inc c earnings: 7/26 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: americanairlines.gcs-web.com/investor-relations
PDF Delta tumbles after cutting forecast on rising jet-fuel prices Delta Air Lines Inc. fell after the carrier cut its profit outlook, citing the rising price of jet fuel. Second-quarter earnings will be no more than US$1.75 a share, Delta said in a statement Wednesday. That’s down from a previous forecast of as much as US$2 a share. Fuel prices have risen about 12 per cent since the beginning of the quarter, and fares typically take six months to a year to catch up, Delta said. American Airlines Group Inc. trimmed its profit guidance in April, citing higher fuel costs. Delta said it would make a decision within the next month on its seating capacity for the fall. Paring the supply typically enables airlines to raise prices, assuming demand remains strong. The Atlanta-based airline maintained its prediction for an increase in capacity of no more than 4 per cent this quarter. The shares fell 2.8 per cent to US$53.12 at 9:44 a.m. in New York after sliding as much as 3.4 per cent for the big [Read more]

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