Delta CEO says airline will 'meaningfully' cut growth plans, sees $300 million boost from its refinery
Delta to cut capacity growth amid rising fuel costs
Delta Air Lines announced plans to significantly reduce its capacity growth as jet fuel prices soar, driven by geopolitical tensions in the Middle East. The airline's Q1 earnings surpassed analyst expectations, with adjusted earnings of 64 cents per share and a revenue increase of over 9%. Despite the challenges, Delta anticipates a $300 million benefit from its refinery operations this quarter, which will help offset rising fuel costs.
Key Takeaways
- 1.
Delta expects a $2 billion increase in fuel costs this quarter.
- 2.
The airline forecasts adjusted earnings of $1 to $1.50 per share for Q2 2026.
- 3.
Delta's refinery is projected to provide a $300 million boost this quarter.
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