Delta cuts 2026 profit outlook nearly a quarter as fuel costs surge, while fares rise and capacity restraint looms
Delta says it expects to absorb an estimated $6 billion increase in fuel costs, prompting a sharp reduction to its 2026 profit outlook even as travel demand and ticket prices remain strong. CEO Ed Bastian said fare increases are meeting limited resistance, and warned the industry may need to further restrain capacity; the carrier is also reconsidering its planned Atlanta-Riyadh service amid regional attacks.