Delta Air Lines posts strong demand but higher fuel costs curb profit outlook

Delta Air Lines reported second‑quarter results showing revenue up 15% year‑over‑year to about $17.7 billion and adjusted earnings of $1.56 per share, both above analysts’ expectations. The airline’s fuel expense surged 77% to $4.41 billion as jet‑fuel prices rose 75% to $3.93 a gallon, driven by the conflict in the Middle East. Despite the spike, Delta said airfares remain 11‑12% higher than a year ago and are expected to stay elevated even as jet‑fuel prices fall, citing sustained strong travel demand.

CEO Ed Bastian highlighted that premium‑class revenue grew 17% while main‑cabin revenue rose 8%, reflecting a financially healthy passenger base. Delta reaffirmed its full‑year outlook of $6.50‑$7.50 adjusted earnings per share and free‑cash‑flow of $3‑$4 billion. The stock slipped roughly 2% after the earnings release.