Delta trims 2026 profit outlook as fuel costs surge despite strong demand
Delta Air Lines lowered its full-year earnings forecast because fuel expenses are expected to rise sharply, even though passenger demand remains robust.
Delta Air Lines announced a downward revision of its 2026 earnings outlook, citing an anticipated $6 billion jump in fuel costs driven by heightened U.S.-Iran tensions. The carrier now expects adjusted earnings per share of $5.10 to $5.60, below analysts’ median estimate of $5.46. Despite the cost pressure, Delta increased fares roughly 20 % and benefits from owning a Pennsylvania refinery acquired in 2012.
Passenger demand remains solid, with 60 % of fourth-quarter flights already reserved and premium-cabin revenue up 18 % year-over-year. The airline also revealed plans for new international services, including Seattle-Tokyo, Boston-Venice and Austin-Paris, beginning next year. CEO Ed Bastian said the higher fares can be sustained even if fuel prices later ease, while broader consumer sentiment among lower-income households is weakening.
