Shares of Delta Air Lines Inc. DAL, -2.26% rose 1% in premarket trade Thursday, after the air carrier reported a third-quarter profit that beat expectations. Net income increased to $1.31 billion, or $1.91 a share, from $1.16 billion, or $1.61 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.80, above the FactSet consensus of $1.74. Total revenue rose 8% to $11.95 billion, just shy of the FactSet consensus of $11.96 billion, while passenger sales grew 8% to $10.80 billion to top expectations of $10.7 billion. Load factor was unchanged from a year ago at 86.9%, matching the FactSet consensus. The company expects fourth-quarter EPS of $1.10 to $1.30, compared with the FactSet consensus of $1.24. Delta’s stock has slipped 0.3% over the past three months, while the NYSE Arca Airline Index XAL, -3.01% has lost 3.5% and the S&P 500 SPX, -3.29% has gained 0.4%.

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