American Delta Air reduced quarterly profit by almost 14%

In the second quarter of 2018, the American airline company Delta Air reduced its net profit in annual terms by 13,9% to 1 billion 25 million dollars in connection with a rise in prices for fuel. As the airline's CEO Ed Bastian said, the expenses for aviation fuel in 2018 will be $2 billion higher than in 2017. The company's profit, excluding one-time factors, was 1 dollar 77 cents per share, the experts had predicted 1 dollar 72 cents per share. Revenue increased to 11 billion 800 million dollars, also exceeding forecasts. The management of Delta Air decided to raise dividends by 15% to 35 cents per share. Based on this news, the company's shares went up by 2.1%.

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