Delta cuts 2026 EPS outlook as kerosene costs rise

Delta Air Lines lowered its 2026 earnings per share forecast to a range of $5.10 to $5.60, down from $6.50 to $7.50, and said it expects an additional $6 billion in kerosene costs for the full year.

For the full year, Delta projects pre‑tax profit of about $4.5 billion, while in the third quarter adjusted revenue rose 16% to $17.59 billion, adjusted pre‑tax profit reached $1.5 billion and fuel expenses increased 62% to $4.14 billion; the airline also plans to repay more than $2 billion of debt during the year.