Rising fuel costs slashed Delta’s profit outlook despite strong demand

Delta Air Lines has cut its profit forecast for the year despite strong demand, due to rising fuel costs. The Atlanta-based airline expects its annual fuel expenses to increase by $6 billion, driven by surging global fuel prices amid US-Iran tensions. Despite higher prices, demand remains high with 60% of Q4 flights already booked, and Delta is launching new international routes next year. CEO Ed Bastian stated that the airline has raised prices by about 20% this year, and these levels could be sustained even if fuel prices decline.