Delta Tops Estimates, Trims 2023 Profit Outlook on Costs
- Carrier cites nearly 25% jump in jet fuel prices in quarter
- Parts, maintenance constraints continue another year: Bastian
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Delta Air Lines Inc. quarterly earnings beat analysts’ estimates, but the carrier cut the high end of its outlook for 2023 profit on rising fuel prices and larger-than-expected aircraft maintenance costs.
Adjusted earnings per share will be $6 to $6.25, Delta said in a statement Thursday. That compares with $6.03, the average of analyst estimates compiled by Bloomberg.