Pursuits
Delta Falls After Earnings Miss as Oil Prices Weigh on Airlines
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Delta Air Lines Inc. fell in New York trading after posting a quarterly profit that trailed analysts’ estimates as jet-fuel costs eroded the benefit from rising fares.
Shares across the industry slumped today as well, dragged down by crude oil prices that climbed to a 12-week high. Atlanta-based Delta dropped 5.2 percent, the most since Oct. 3.