Delta Air Lines cuts 2026 forecast on fuel surge
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CNBC’s Jim Cramer said Delta's disappointing headline numbers overshadowed signs of strength.
Delta Air Lines (NYSE:DAL) reported September-quarter revenue growth of 16% and pre-tax profit of $1.5 billion, matching the prior-year period despite absorbing $1.6 billion in higher fuel costs, executives said on the company’s 2026 earnings call.
Delta Air Lines reported a huge jump in fuel costs, but said passengers are continuing to book flights despite the significantly higher airfares.
Mad Money' host Jim Cramer takes a closer look at what is happening with Delta after earnings. Got a confidential news tip? We want to hear from you. Sign up for free newsletters and get more CNBC delivered to your inbox Get this delivered to your inbox,
A fuel shock is rippling through airline stocks, and Delta Air Lines (NYSE:DAL | DAL Price Prediction) is absorbing the hardest hit after cutting its full-year outlook. Delta stock is at $80, down 3% in early trade,
Delta Air Lines has so far opted out of Starlink, going with a forthcoming product from Amazon instead. Competitors see an opportunity.
Delta Air Lines Inc. reduced its full-year earnings outlook as high jet fuel prices stemming from the war in the Middle East continue roiling US airlines, even as strong travel demand helps the carrier offset some of the added costs.
Ed Bastian said there's no feud with Elon Musk — and he's a big fan of the trillionaire's projects. "I drive a Tesla," he told CNBC. Musk has ramped up his criticism of Delta after some unconfirmed comments from the airline CEO. Delta CEO Ed Bastian said he doesn't have a public feud with the world's richest man.
Delta Air Lines cut its 2026 outlook as fuel prices continue to surge ahead of the holiday season. Its CEO said he expects fuel prices to continue climbing. (AP)
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While waiting for Delta flight, police say man detoured, allegedly stole and crashed airport vehicle
Police say a Delta Air Lines passenger, bound for Seattle, decided to skip his flight, break out onto the tarmac of a Southern California airport and steal an airport vehicle. Kris Van Cleave reports on what happened next.