Delta cuts outlook as fuel costs jump
Delta Air Lines lowered its full-year earnings and free cash flow outlook after quarterly fuel expenses rose sharply. The carrier also reported adjusted Q3 earnings and revenue that both missed estimates.
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Delta Says It Can Absorb $6 Billion in Higher Fuel Costs — How Is American Positioned?
American Airlines Group Inc. (NASDAQ: AAL ) shares dipped earlier Friday, but later flattened after Delta Air Lines reported third-quarter earnings, cut its full-year guidance and detailed how it plans to absorb higher fuel costs. American stock is facing resistance. Why is AAL stock retreating? Delta Cuts Its 2026 Out
Delta cuts full-year outlook after earnings miss
Delta Air Lines reported adjusted third-quarter EPS of $1.72 versus FactSet estimates of $1.77 and lowered full-year EPS guidance to $5.10 to $5.60 from $6.50 to $7.50. The company said fuel expenses jumped 62% in the quarter and expects $4.25-a-gallon jet fuel in the fourth quarter.
Delta Air Lines earnings outlook faces higher fuel costs
Delta Air Lines is set to report earnings Friday, with analysts focused on whether higher jet-fuel prices and stronger airfares can keep offsetting rising costs. Wall Street expects third-quarter EPS of $1.81 on revenue of $17.7 billion.