Fuel Slashes Delta Outlook

AtlantaDelta expects $6 billion more in fuel costs this year.

It cut its earnings forecast to $5.10-$5.60 a share, from July’s $6.50-$7.50.

Tensions between the US and Iran have lifted fuel prices, and Brent stood at $125.40 on 6 October.

CEO Ed Bastian said Delta raised prices roughly 20% this year and could sustain them if fuel falls.

United Airlines reports next, after the market close on 20 October.

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Al Jazeera Online: frames Delta's cut as a pricing story: CEO says fares rose about 20% this year and can hold even if fuel falls