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Delta Air Lines Posts Higher Profit on More International Flyers


Shares of Delta Air Lines are flying high on Wednesday. The Atlanta-based airline had more air traffic and flyers in the second quarter and that translated into higher revenue. Profits came in at $1.04 a share, that's exactly as expected and almost 10% better than a year ago. Revenue jumped to almost $10.7 billion, about 9% better than last year. CEO Richard Anderson said Delta's traffic rose 5% while capacity increased more than 3%. Despite all of the geopolitical unrest in countries like Ukraine, Venezuela, and Iraq, people didn't stop flying. For Delta, passenger growth was most apparent among routes to Latin America and within the U.S. It added new flights to London Heathrow, Zurich, Rome, Hong Kong and Seoul in the hope to attract more international travelers. TheStreet's Julia Sun has details from New York.