Delta Airlines Notes Structural Durability In High Fuel Cost Environment; To Absorb $6B Increase In Fuel Costs; Revenue Momentum Is Continuing In The December Quarter, With Strength Across All Products And Geographies; Guidance For The December Quarter Assumes Fuel At The Forward Curve As Of October 2, And Includes A Refinery Benefit Of ~$0.40/Gallon, Resulting In A Projected All-In Fuel Price Of ~$4.25/Gallon
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Why It Matters
Delta is handling big fuel costs while still seeing strong ticket sales. When fuel gets expensive, watch if airlines can keep making money anyway.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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