Delta Leads Airline Rally After Boosting Margin Forecast
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Delta Air Lines Inc. led gains by U.S. carriers after it increased the lower end of its operating-margin forecast for this quarter on strong travel demand and lower jet-fuel costs.
Delta shares advanced 3.5 percent to $18.71 at the close in New York, while the Bloomberg U.S. Airlines Index rallied 2 percent. Both gains were the biggest since June 7. Atlanta-based Delta’s stock has climbed 58 percent this year, as the Bloomberg index has risen 42 percent.