Delta minimizes fuel impact

The No. 1 airline by passengers carried confirmed that it expects a profit in Q2 even though its fuel bill will be $1 bil higher than a year earlier. Analysts expect a 55-cents-per-share profit for the quarter. Delta Air Lines (DAL) and others raised fares earlier this year in sync with rising fuel prices. Delta said higher revenues plus cost cutting have offset rising fuel costs. The company expects travel to drop off in Japan after its March