Delta Air Lines hiked its full-year profit outlook above Wall Street estimates to between $6.35 and $6.70 per share, according to Reuters.
Delta's shares rose 2.5 percent on the news Jan. 11. Delta's President Glen Hauenstein said, "We enter 2018 with significant momentum and every entity delivering positive passenger unit revenue for the first time in five years, driven by a robust demand environment and improving business fares."
Higher business fares and a busy holiday travel season boosted Delta's profits in the fourth quarter of this year, according to the report. While Delta's net income fell 8 percent to $572 million compared to the same period last year, that included a $150 million one-time charge due to recently passed tax regulation.
Delta expects total unit revenue will increase by 2.5 percent to 4.5 percent during the first quarter of 2018.
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