Business · Press ✓ 2 outlets
Delta cuts its profit forecast as a US$6 billion fuel bill outweighs higher fares
Delta Air Lines cut its profit forecast, Reuters and Bloomberg reported, as a US$6 billion surge in fuel costs outweighed gains from higher fares. A Jefferies analyst told Bloomberg that demand still looks good despite fuel prices.
Airlines are among the first to feel an oil shock, and a profit warning from a large US carrier is a signal for others.
Australian airlines face the same jet fuel costs; higher airfares are a possibility if oil stays near US$100.
Watch other airlines' guidance and Brent over the weekend.
DailyDrop Australia edition No. 6 · Morning · SAT., OCT. 10, 2026