Delta Air Lines drops after slashing full-year profit forecast

American Airlines

09/10/2026 14:51

Updates
** Delta Air Lines DAL.N shares drop 3% to $79.67
** DAL cut its full-year adjusted profit forecast amid soaring jet fuel prices
** Shares of peer United UAL.O and Alaska Air ALK.N down about 2.8%, American Airlines AAL.O down 2.4%
** 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
** Airline's Q3 adjusted profit of $1.72 per share fell short of estimates of $1.75 per share, marking the first quarterly profit miss in two years
** Analysts tracking DAL rate it "buy" on average
** DAL up 18.4% YTD up to Thursday's close, the most among major US competitors

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))