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Delta cuts its 2026 profit forecast as a $6 billion increase in fuel costs outweighs gains from higher fares and strong travel demand.
Delta Air Lines (DAL:NYSE) shares are down about 4% this morning (trading at about $79) after the airline cut its full-year profit forecast on a jump in fuel costs. Delta now expects adjusted EPS of $5.
Delta Air Lines cut its annual profit forecast by nearly a quarter on Friday, as surging fuel costs, expected to add US$6 billion to its bill in 2026, overwhelmed resilient travel demand and higher ticket prices.