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Delta to trim growth plans for flights this fall

Delta Air Lines is trimming its flight schedule for this fall as it grapples with high fuel costs.

Atlanta-based Delta announced Thursday it will cut back its plans for increased flying in the fall.

Higher fares are also likely, as the airline said a key focus is covering the increased cost of fuel needed to operate flights.

“We have seen early success in addressing the fuel cost increase and offset two-thirds of the impact in the June quarter,” Delta CEO Ed Bastian said in a written statement.

Delta said it now expects its fuel bill to be $2 billion higher this year compared with last year, and slashed its forecast for the year for earnings per share.

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The company announced the plans for reduced flying in the fall while reporting a $1 billion profit for the second quarter of the year, a 14 percent decline from its nearly $1.2 billion quarterly profit a year earlier.

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