Delta To Cut Jobs Despite Record Q3 Profit

US carrier Delta Air Lines has confirmed it plans to cut jobs at its Atlanta headquarters despite posting a record Q3 operating profit of $1.3bn.

US carrier Delta Air Lines has confirmed it plans to cut jobs at its Atlanta headquarters despite posting a record Q3 operating profit of $1.3bn.

In results posted on Wednesday (October 14), the airline said lower fuel costs in the quarter ending September 30 contributed to the record profit, with its fuel bill declining more than $1.1bn compared to one year ago.

But the carrier also said it is reducing growth plans for the rest of the year and 2016 after being hit with a sudden dip in average passenger fares and overall revenue in Q3.

Paul Jacobson, Delta's chief financial officer, said the airline is using the current environment to “evaluate and prune costs across all parts of the business.”

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