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Delta posts record revenue and a profit beat as fuel costs surge

Delta said it absorbed the highest quarterly fuel expense in its history while still beating expectations despite profit falling.

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Delta Air Lines reported record revenue and delivered a profit beat, even as the airline said profit fell, according to MarketWatch.

The company’s results came with a major cost pressure from fuel, after it absorbed what it described as the highest quarterly fuel expense in its history.

MarketWatch also noted that Delta’s shares were set to rise as investors focused on the earnings beat alongside the wider cost and profit picture.

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