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, with Gulf region jet fuel hitting $4.34 a gallon, nearly double last year. Delta still expects strong demand and revenue growth, projecting a 20% increase in fourth-quarter revenue, but net income fell 47% year-over-year. Investors should watch fuel prices closely as they remain the biggest factor affecting Delta's profitability.
Delta Air Lines shares trade at USD 80.65 on Pluang as of Oct 09, 2026 22:32 WIB, down 1.81% for the day. This price sits closer to the 52-week high of USD 93.66 than the low of USD 55.65, indicating some resilience despite the profit forecast cut. The stock's market cap stands at $54.02 billion, with a dividend yield of 1.05%, and most Pluang investors (76%) are buying rather than selling.
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 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 ...
Delta Air Lines reported September-quarter adjusted earnings of $1.72 per share, slightly below analyst expectations, and lowered its 2026 profit forecast due to soaring jet fuel costs. Despite a 16% revenue increase to $17.6 billion driven by strong...
