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Delta Air Lines, Inc. (NYSE:DAL) has cut its 2026 earnings forecast despite reporting record third-quarter revenue, as surging jet fuel prices continue to overwhelm strong travel demand and higher ticket prices. On October 9, the airline reduced its adjusted EPS guidance to $5.10-$5.60 from $6.50-$7.50, citing an…
Delta’s September quarter adjusted revenue rose 16% to $17.6 billion, but higher fuel costs prompted a cut to its full-year profit outlook.
Wall Street concluded its trading week on a positive trajectory, with all three major US benchmarks extending gains ahead of the third-quarter reporting season, set to commence next Tuesday. The S&P 500 closed 0.6 per cent higher, with the real estate sector leading broad market strength, reflecting significantly…