Delta Air Lines Cuts Full-Year Profit Outlook on Rising Fuel Prices
· Business · Bloomberg, CNBC, Reuters
Delta Air Lines has reduced its full-year earnings outlook due to rising jet fuel prices. The increased fuel costs stem from the ongoing war in the Middle East. Strong passenger travel demand has helped offset some of the added operating expenses. Lisa Abramowicz and Annmarie Hordern discussed the earnings revision on Bloomberg Television. The report does not specify the exact revised profit figures.
Why it matters
The downgrade highlights how geopolitical conflict in the Middle East is driving up operational costs for major global airlines.
Read the original report — Bloomberg
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