• Rising fares push Delta past profit estimates

    8 days ago - By Reuters

    Delta Air Lines Inc topped estimates for quarterly profit and operating revenue Thursday as a rise in average fares trumped an almost 40 percent surge in fuel costs, pushing shares higher.
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  • $600 million bump in fuel bill hits Delta

    $600 million bump in fuel bill hits Delta

    8 days ago - By Biz Journals

    The cost of gas has been going up - especially if you're an airline.
    Delta Air Lines Inc. said Thursday it expects to pay $2 billion more for fuel in 2018 than it did in 2017.
    Delta said its profits and revenues in the second quarter of 2018 were lowered because of higher costs for jet fuel. The company said higher fuel prices offset record revenues by nearly $600 million.
    “Adjusted fuel expense increased $578 million, or 33 percent, relative to June quarter 2017. Delta's adjusted...
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  • Delta's guidance comes up short as rising fuel costs weigh

    Delta's guidance comes up short as rising fuel costs weigh

    8 days ago - By Business Insider

    Delta Air Lines beat on both the top and bottom lines.
    The airline's earnings guidance missed Wall Street estimates as rising fuel costs weighed.
    Delta hiked its dividend 15%.
    Watch Delta Air Lines trade in real time here .
    Delta Air Lines reported better-than-expected second-quarter results Wednesday morning, but guided earnings below Wall Street estimates because of rising fuel costs. Shares were up about 1% in early trading on Thursday.
    The US's number two carrier earned an adjusted $1.77 a share on record revenue of $11.8 billion. Those numbers were ahead of the respective $1.72 and...
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