Delta Air Lines Raises Quarterly Revenue Guidance Despite Escalating Fuel Costs

Global airlines hike fares, cut routes as fuel costs skyrocket

Global ​airlines sounded the alarm on Tuesday over soaring jet fuel prices triggered by the US-Israeli war on Iran, warning of hundreds of ‌millions of extra costs, higher fares and cuts to some routes. Delta Air Lines (DAL.N) Chief Executive Ed Bastian said the dramatic run-up in jet fuel prices had increased the airline's costs by as much as $400 million in March alone. The industry is moving quickly to pass on higher expenses through fare hik…

K-Shaped Buffer Helps Delta Soar Above Airline Industry’s Fuel Price Woes

Despite jet fuel prices jumping more than 50% this month, Delta is cruising. The closure of the Strait of Hormuz amid the US-Israel war with Iran may be crunching oil supply, but the airline raised its revenue forecast on Tuesday to high-single-digit growth through March from the previously predicted 5-7% growth. American Airlines also boosted its guidance, saying that it now expects record year-over-year quarterly revenue growth of more than 10…

Delta CEO Says Demand Is 'Really, Really Great', Raises Revenue Guidance As Jet Fuel Doubles, TSA Shortages Continue - Delta Air Lines (NYSE:DAL)

Delta Air Lines (NYSE:DAL) CEO Ed Bastian told CNBC on Tuesday that travel demand has been “really, really great” despite a $400 million hit from surging jet fuel costs, as the airline raised its first-quarter revenue guidance at a JPMorgan investor conference. Delta now expects Q1 revenue growth in the high single digits, and to come in at the original earnings guidance, at 50 to 90 cents EPS, which he described as healthy growth. American Airl…

Delta, American Airlines hike revenue guidance as demand offsets fuel costs

Both airlines say demand strength is outpacing higher jet fuel costs from the Iran war. Shares of both companies rose

Delta, American, and rival airlines boost Q1 sales outlooks citing strong demand; costs rise, too

Airlines are soaring as they say revenue is coming in higher than expected in the first quarter. That’s likely in part because they’re raising ticket prices to account for higher fuel costs.