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Actionable news in DAL: DELTA AIR LINES Inc,

Flush with Cash, Delta Buys Shares, Pays Workers and Cuts Debt

NEW YORK ( TheStreet) -- Flush with cash because of lower fuel costs, Delta (DAL - Get Report) on Wednesday reported record earnings and said it is using cash to buy back shares, slash debt and pay employees more.

It also kept Wall Street happy by setting a 2016 capacity growth target between zero and 2%.

"We think this is the most bullish aspect of the report and will surprise many investors to the upside, reaffirming capacity discipline by the legacy carrier who is the most profitable and grew the fastest in a lower fuel environment," wrote Credit Suisse analyst Julie Yates in a note.

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