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Delta Airlines hits brakes on growth plans as fuel spike reshapes airline economics
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Chicago: Delta Air Lines on Wednesday pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations, warning that soaring jet fuel prices driven by the Iran war would add more than $2 billion to its costs in the June quarter.The Atlanta-based carrier also said it was holding off for now on giving an updated full-year outlook, with CEO Ed Bastian saying uncertainty over how long the fuel-price spike would last made that "imprudent."The Middle Eas
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