Delta Air Lines missed earnings estimates for the first time in two years and cut its 2026 profit outlook, now forecasting adjusted EPS of $5.10 to $5.60 versus the previous range of $6.50 to $7.50, as fuel prices continue to surge. The company also reduced its free cash flow outlook to $2.5 billion from $4 billion expected earlier. Despite higher fares driven by a $6 billion increase in fuel costs, CEO Ed Bastian said demand remains strong, with airfares up more than 23% from a year earlier. Third-quarter adjusted EPS came in at $1.72 versus $1.75 expected, while net income fell 47% to $756 million. Premium revenue grew 18% to $6.82 billion, outpacing main cabin sales which rose 12%.
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