Delta cuts earnings outlook as fuel costs rise
Delta Air Lines lowered its full-year EPS guidance to $5.10 to $5.60 from $6.50 to $7.50 after reporting fuel costs were $500 million higher than July guidance.
By WSJ Staff Shares in Delta Air Lines are down more than 3% premarket after the airline cut its earnings outlook following another quarter of persistently high fuel costs. 50. - The cost of fuel was $500 million higher in its most recent quarter compared with guidance shared in July. - CEO Ed Bastian said that despite this headwind, demand among travelers has stayed strong.
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