Delta Air Lines posted a $1.2 billion profit for the third quarter, helped by the latest installment of federal pandemic aid for the airline industry, and gave an upbeat forecast for the holiday-dominated fourth quarter.
Still, the airline warned that rising fuel prices will challenge its ability to remain profitable, and it forecast higher labor costs too.
The airline said Wednesday that travel demand is improving after hitting a flat spot when COVID-19 infections in the U.S. jumped over the summer, fueled by the rise of the so-called delta variant.
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