Delta Air Lines shares rise on Q4 profit forecast

Shares of Delta Air Lines DAL.N up 5.6% at $60 premarket

Co forecasts Q4 outlook above analysts' estimates, helped by higher fares, demand recovery; beats Q3 Wall Street expectations

Expects Q4 adjusted profit of $1.60 to $1.90 per share vs analysts' estimate of $1.66, according to data compiled by LSEG

Q3 adjusted profit of $1.71 per share beats estimates of $1.53

Median PT of 23 brokerages covering the stock is $68 - LSEG data

As of last close, stock was down 5.6% YTD