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Delta Rebounding On Better Than Expected Q3 Earnings

After falling sharply in recent sessions, shares of Delta Air Lines (DAL) have shown a strong move back to the upside during trading on Thursday. Delta is currently up by 4.4 percent after ending Wednesday's trading at a three-month closing low.

The rebound by Delta comes after the airline reported third quarter adjusted earnings that exceeded expectations. Delta reported adjusted earnings of $1.80 per share compared to analyst estimates for $1.74 per share.

Delta CEO Ed Bastian said solid revenue growth combined with a flat non-fuel unit cost performance helped offset an increase in fuel costs.

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