Planes have been packed to pre-pandemic levels this summer, and that is letting airlines take in enough money to cover higher fuel costs – and then some.
Delta Air Lines said Wednesday that it earned $735 million in the second quarter. Earnings per share fell short of Wall Street expectations, however, which the airline blamed on high fuel prices and more than 4,000 canceled flights in May and June.
“We had a rough six weeks,” CEO Ed Bastian said. “This is a company, this is an industry … none of us were up to our best.”
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