Delta Airlines Joins Peers in Lowering Profit Forecasts Due to Increased Costs
Delta Airlines, in line with several other carriers, has revised its profit estimates due to escalating costs. The airline now anticipates reporting adjusted per-share earnings in the range of $1.85 to $2.05, a reduction from its previous projection of $2.20 to $2.50. Delta cited increased fuel expenses for the current quarter, surpassing its initial expectations,…