Delta results beat expectations

Delta Air Lines’ fourth-quarter profit beat analysts’ estimates, which were boosted by a 39% decline in fuel prices (despite limits of fuel hedges) and strong domestic demand. “As we begin 2015, we have a significant opportunity from lower fuel prices, which will drive more than $2 billion in fuel savings over 2014,” said Chief Executive Officer Richard Anderson. Profit was 78 cents a share. Delta said its operating margin is forecast to be 11-13% in the first quarter. Delta expects its hedges to full-year 2015 earnings by $1.2 billion.