Delta Air Lines cuts 2026 profit outlook as expected fuel costs rise by US$6billion
Delta cut its 2026 profit outlook after raising expected fuel-cost headwinds to US$6bn as Iran-war-driven jet fuel prices stay elevated, highlighting a broader airline margin squeeze and limits to further fare pass-through. The update reinforces the macro impact of higher crude/refined spreads on transport and consumer sectors, and keeps attention on energy-price dynamics as a key driver of earnings revisions across airlines.
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Delta Air Lines raised its expected 2026 fuel-cost increase by US$2billion to US$6billion after the Iran war pushed jet-fuel prices higher worldwide. The carrier cut its adjusted annual earnings forecast to US$5.10 to US$5.60 a share from US$6.50 to US$7.50. Third-quarter fuel expense jumped 62 per cent year on year to US$4.1billion, more than US$500million above its July forecast.