Delta Lowers Q3 Profit Outlook on Higher Fuel Costs, Maintains Full-Year View

Delta trimmed its Q3 profit forecast, now seeing adjusted EPS of $1.85-$2.05 vs prior $2.20-$2.50 view, as fuel costs are higher than expected.
The airline also cut its Q3 unit revenue view, now seeing a 2-3% drop vs 2019 vs prior outlook for up to 4% decline.
Delta reiterated full-year adjusted EPS view of $6-$7.
The guidance cut follows similar moves by American, Spirit, Frontier and others citing higher costs.
Delta shares were little changed after the lowered outlook.

cnbc.com

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