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Delta Air cuts third-quarter profit forecast
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(Reuters) — Delta Air Lines (NYSE:DAL) on Thursday cut current-quarter forecasts for operating margins and profit, owing to increased fuel expenses amid supply cuts by Russia and Saudi Arabia.
The carrier now expects third-quarter earnings per share to range between $1.85 and $2.05, compared with its prior expectations of $2.20 to $2.50 per share.
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