Higher fuel costs hit Delta profit in 1st quarter

Atlanta • Rising labor and fuel costs cut into Delta’s first-quarter profit, but the airline expects help this spring from higher average prices. Delta said Wednesday that it expects a key revenue measure to rise by between 1 and 3 percent in the second quarter compared with a year earlier. That is a sign that after falling for two years, average fares are heading back up. Shares of Atlanta-based Delta Air Lines Inc., which has a major hub in Salt Lake City, rose 1.5 percent in afternoon trading...

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