Delta Profit Tops Estimates as Cost Controls Help Offset Fuel Surge

Delta Profit Tops Estimates as Cost Controls Help Offset Fuel Surge
A Delta Air Lines flight is pushed put of its gate at the airport in Salt Lake City, Utah, on Jan. 12, 2018. Reuters/Mike Blake
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Delta Air Lines Inc. said on Oct. 11 it sees a return to margin growth next year as it posted an estimate-beating rise in quarterly profit on strong demand and tight cost controls, sending shares higher.

With oil prices hovering near four-year highs, Delta and peers such as American Airlines Group Inc. and Southwest Airlines Co. are facing a surge in fuel costs that is weighing on profits, even as demand for air travel is strong.