Delta Air Lines drops after slashing full-year profit forecast
BUZZ-Delta Air Lines drops after slashing full-year profit forecast Updates
** Delta Air Lines DAL.N shares drop nearly 5% in premarket trading to $78.12
** DAL cut its full-year adjusted profit forecast amid soaring jet fuel prices
** Shares of peer United UAL.O, Alaska Air ALK.N and American Airlines AAL.O also down about 1%
** The US carrier said it now expects 2026 adjusted profit in the range of $5.10 to $5.60 a share vs $6.5 to $7.5 per share earlier
** The midpoint of the current range is $5.35 per share, below analysts' expectation of $5.46 per share - data compiled by LSEG
** DAL projects annual fuel cost rise of around $6 billion vs earlier forecast of a $4 billion rise
** Analysts tracking DAL rate it "buy" on average
** DAL up 18.4% so far this year, the most among major US competitors
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
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