Strong 2Q at Delta, but spiraling fuel costs ping outlook

FILE- In this Jan. 8, 2018, file photo, a Delta Air Lines Connection regional jet operated by GoJet Airlines takes off from Logan International Airpor

FILE- In this Jan. 8, 2018, file photo, a Delta Air Lines Connection regional jet operated by GoJet Airlines takes off from Logan International Airpor

FILE- In this March 2, 2018, file photo, Delta Air Lines planes are grounded in New York. Delta Air Lines reports earns on Thursday, July 12. (AP Phot

FILE- In this March 2, 2018, file photo, Delta Air Lines planes are grounded in New York. Delta Air Lines reports earns on Thursday, July 12. (AP Phot

ATLANTA (AP) — Delta is topping most profit expectations for the second-quarter, but it's slashing its outlook for the year, citing a $2 billion spike in fuel costs.

The Atlanta carrier on Thursday reported net income of $1.02 billion, or $1.47 per share. Adjusted per-share earnings were $1.77, which, according to a survey by Zacks Investment Research, is a nickel better than Wall Street expected.

That's still down from last year and again, the company cited soaring fuel costs.

Revenue of $11.78 billion also beat projections.

Delta Air Lines Inc. expects full-year earnings of $5.35 to $5.70 per share, down from earlier per-share forecasts of $6.35 to $6.70.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAL at https://www.zacks.com/ap/DAL