Delta Air Lines shares dropped by 3.5% as the carrier revised its earnings outlook, citing increased jet fuel costs as a key factor. The company now expects adjusted earnings of $5.10 to $5.60 per share for the year, down from its previous forecast of $6.50 to $7.50. This adjustment aligns with the Bloomberg Consensus estimate of $5.44. Delta's third-quarter adjusted earnings came in at $1.72 per share, slightly below the expected $1.82. Despite this, adjusted revenue rose 16% to $17.6 billion, matching expectations.
October 9, 2026
Delta Cuts Earnings Outlook Amid Soaring Fuel Costs
Delta Air Lines slashes full-year earnings forecast due to rising jet fuel prices, impacting its profit margins.
Impact
The earnings cut signals continued pressure on airline profits, with smaller carriers likely facing even greater challenges without in-house refining capabilities.