DALLAS (AP) – Delta Air Lines Inc.’s second-quarter profit beat expectations despite lower revenue. The company plans to limit its growth in a bid to push fares higher.
Lower fuel prices are helping airlines earn big profits. Delta said Thursday that net income for the April-to-June quarter was $1.55 billion, up 4 percent from a year ago.
Delta says that excluding one-time items, the profit is $1.47 per share. Analysts surveyed by FactSet predicted $1.42.
Revenue is down 2 percent to $10.45 billion, below the analysts’ forecast of $10.48 billion.
Delta says it will increase its passenger-carrying capacity 1 percent in the fourth quarter and scale back its schedule of flights between the U.S. and the U.K.