Delta cuts profit forecast as fuel costs surge (wabe.org)

Delta Air Lines lowered its annual profit forecast, expecting to spend an extra $6 billion on fuel this year as costs rise 60% amid the war with Iran. The airline reported September quarter revenue of $17.6 billion, up 16% year-over-year, and has raised ticket prices by over 20%, but demand remains resilient. Premium cabin revenue grew 18%, and Delta plans to expand those offerings into the first half of next year.