Delta's guide cut is a fuel story
Delta just cut its 2026 EPS guide midpoint from $7.00 to $5.35. That's a 24% haircut in one quarter.
It still sees about $4.5B pre-tax profit after a $6B fuel jump. Without that hit it'd be near $10.5B, so fuel ate about 57% of this year's profit.
Revenue grew 16%. Oil is the problem.
Sources: @LiveSquawk: $DAL Q3 Adj EPS $1.72 (est $1.82), Sees FY Adj EPS $5.10 To $5.60, Saw $6.50 To $7.50, Sees FY Pre-Tax Prof · @CNBC: Delta Air Lines cuts 2026 forecast on fuel surge, but CEO says demand is still strong · @LiebermanAustin: $DAL Adj. Revenue $17.59B (+16% YoY), Adj. Op Margin 9.4% vs 11.1% LY · X News: Delta Air Lines Q3 2026 earnings miss, full-year forecast cut on surging fuel costs
Not financial advice. For informational and educational purposes only.
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