Economy · World
Delta Air Lines Reduces Earnings Forecast Amid Rising Costs
Delta Air Lines has lowered its earnings forecast for 2026, projecting adjusted earnings between $5.10 and $5.60 per share, a significant decrease from its previous projection of $6.50 to $7.50 per share. This adjustment comes as the airline faces a $6 billion surge in fuel costs, which has offset gains from fare increases. The company's third-quarter profit also missed analyst estimates, leading to a 1.72% dip in its share price.
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- Centre (4): Bloomberg, CNBC, Mint, The Globe and Mail