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Delta Air Lines cuts 2026 forecast on fuel surge, but CEO says demand is still strong
Delta Air Lines missed earnings estimates for the first time in two years and slashed its 2026 profit outlook as high fuel prices persist, but CEO Ed Bastian said higher fares aren't turning off travelers.
AI Summary
Delta Air Lines missed earnings estimates for the first time in two years and cut its 2026 profit outlook because fuel prices remain high. The airline now projects adjusted earnings per share of $5.10 to $5.60 for the full year, down from the $6.50 to $7.50 range it had forecast in July when fuel costs were lower. CEO Ed Bastian said that higher fares are not deterring travelers.
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