- Delta Air Lines (DAL) beat analyst estimates with its Q4 report as higher fares and lower fuel costs proved to be a winning combination.
- Passenger revenue was up 6.1% during the quarter, while cargo revenue fell 1%.
- The Trainer refinery operated at a $46M loss, but helped Delta lower its average jet fuel price to $3.05 per gallon.
- Looking ahead, the company expects to see "significant" margin expansion in Q1.
- DAL +3.5% premarket
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