- Delta cut FY26 adjusted EPS guidance to $5.10-$5.60 from $6.50-$7.50 set in July, when fuel prices were lower.
- Delta cut its FY26 free cash flow outlook to $2.5 billion from as much as $4 billion expected in July.
- Q3 adjusted EPS of $1.72 missed the $1.75 consensus, the first earnings miss in two years; adjusted revenue of $17.59 billion missed the $17.67 billion estimate.
- Delta forecasts Q4 revenue up 20% year over year as it passes along much of a $6 billion increase in fuel costs through higher fares.
- Delta shares slipped after the Q3 miss and lower profit outlook on higher fuel costs.
Quotes
“The consumer response continues to be quite strong. We're seeing it across all channels, all cabins of service, all geographies, business, leisure”