Delta Cuts 2026 Profit Outlook on Fuel Surge (qz.com)

Delta Air Lines lowered its 2026 profit outlook Friday, with adjusted earnings per share now projected at $5.10 to $5.60, down from the $6.50 to $7.50 range guided in July. The carrier absorbed a $6 billion increase in fuel costs, with adjusted fuel prices up 60% year-over-year to $3.61 per gallon. Third-quarter adjusted earnings were $1.72 per share on revenue of $17.59 billion, missing analyst expectations.