Delta Air Lines' third-quarter earnings miss estimates as surging fuel costs squeeze margins despite strong revenue growth, prompting a sharp cut to its 2026 profit outlook.
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.
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.
At 6:18 p.m.
Although the revenue and EPS for Delta (DAL) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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 Air Lines Inc (NYSE:DAL) reported September-quarter adjusted earnings of $1.72 a share, below analysts' expectations of $1.76, and cut its 2026 profit forecast as soaring fuel costs eroded margins. The airline now expects adjusted earnings of $5.10 to $5.60 a share for 2026, down from its previous forecast of $6.50 to $7.50, as higher jet fuel prices add pressure to operating costs.
Delta Air Lines (DAL) came out with quarterly earnings of $1.72 per share, missing the Zacks Consensus Estimate of $1.8 per share. This compares to earnings of $1.71 per share a year ago.
Shares of Delta Air Lines are down over 3% Friday morning after the company released its third-quarter earnings report.
Stock futures are pointing to a higher open Friday as the major indexes look to lock in a week of gains; shares of AT&T, T-Mobile and Verizon are falling after SpaceX took another step towards becoming a mobile carrier; Humana shares are soaring thanks to improved Medicare Advantage ratings; Delta stock is slipping after the airline missed profit estimates and cut its forecast; and consumer sentiment data is due out this morning. Here's what you need to know today.
Delta Air Lines CEO Ed Bastian is weighing whether to debut the carrier's flight to Saudi Arabia later this month after Houthi attacks at Riyadh's King Khalid International Airport. "Safety is going to make the call," Bastian told CNBC in an interview.
“Just because someone says they're going premium, that does not make them a premium airline,” said Ed Bastian.