Delta Air Lines reported record Q3 revenue driven by robust demand from high-income households, but missed earnings estimates due to a 60% year-over-year surge in fuel costs. The company subsequently lowered its full-year profit outlook to a range of $5.10 to $5.60 per share, causing its stock price to decline by up to 3.5%. Despite margin pressures, Delta forecasts 20% revenue growth for the December quarter, supported by strong premium demand and the ability to pass cost increases to customers through higher yields.
The carrier lowered its full-year earnings guidance to $5.10-$5.60 per share after missing Q3 estimates due to significant margin pressure.
Read the full storyThe carrier reported its first earnings miss in two years due to a $500 million fuel cost spike, despite robust demand from high-income travelers.
The U.S. carrier reported record September quarter revenue driven by healthy yields, forecasting 20% revenue growth for the upcoming December quarter.
