Delta Lowers 2026 Outlook After Fuel Cost Surge
Delta Air Lines has reduced its 2026 earnings guidance because of rising jet fuel prices. The carrier expects an additional $6 billion in fuel expenses this year, though it still anticipates a profit. Delta also reported a profitable third quarter and has set aside $900 million for 2027 profit sharing.
Delta now projects 2026 earnings per share between $5.10 and $5.60, compared with its earlier range of $6.50 to $7.50. CFO Erik Snell attributed the revision to elevated jet fuel costs, which averaged $4.50 as of Thursday evening.
Despite the lower outlook, Delta still expects to be profitable this year. It posted a profitable third quarter and has set aside $900 million for 2027 profit sharing. The carrier also expects an extra $6 billion in fuel expenses this year.
Delta’s reduced 2026 outlook may signal that persistent fuel costs could pressure airline budgets, potentially influencing ticket prices, route planning, or hiring. Travelers might see fewer discounts or higher fares, while employees and investors could watch profit-sharing and earnings closely. Because Delta still expects a profit and has set aside profit-sharing funds, the immediate effects may be more moderate than a loss scenario.