Delta Air Lines missed Wall Street earnings estimates for the first time in two years and lowered its profit forecast for 2026 due to rising jet fuel prices driven by geopolitical tensions. Despite the cost pressures, CEO Ed Bastian noted strong demand and rising fares as travelers continue booking flights. The airline now expects full-year adjusted earnings per share between $5.10 and $5.60, down from the previous $6.50 to $7.50 forecast, and reduced free cash flow projections. Delta's revenue grew, helped by its refinery operations, but net income fell 47% year-over-year, reflecting the impact of soaring fuel costs on profitability.
Delta Air Lines shares are trading at USD 79.70 on Pluang as of Oct 09, 2026 17:42 WIB, down 2.97% for the day. The stock's market cap stands at $54.02 billion, reflecting investor reactions to the lowered profit forecast. Despite the price drop, the majority of Pluang users, 76%, are buying the stock, showing continued interest in Delta's long-term prospects.
Delta Air Lines missed earnings expectations and lowered its full-year profit forecast due to a 60% surge in jet fuel costs linked to the Iran war. However, the airline kept its adjusted pretax profit roughly flat by raising fares and boosting revenu...
Southwest Airlines experienced a temporary grounding of flights due to a widespread IT outage affecting its vendor Amadeus, which handles booking, check-in, and baggage systems. The outage caused long lines, check-in failures, and app issues across m...
Delta Air Lines reported Q3 earnings with revenue of $20.20 billion, surpassing estimates, but earnings per share missed at $1.72 due to higher fuel costs. The airline lowered its 2026 adjusted earnings forecast to $5.10-$5.60 per share and free cash...
Delta Air Lines lowered its full-year profit forecast due to a $6 billion increase in jet fuel costs driven by the ongoing Iran war. Despite Elon Musk's viral joke about Delta's Wi-Fi, the airline's financial challenges stem from soaring fuel prices,...
Delta Air Lines reported a 3% drop in shares after missing Q3 earnings expectations due to a 62% jump in fuel costs. The airline cut its full-year profit and cash flow forecasts, citing rising fuel expenses expected to continue next quarter. Despite ...
