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Delta Air Falls Most in a Year After Warning on Fuel Costs

  • CEO projects ‘a modest loss’ in current period as prices rise
  • Third-quarter revenue returned to 66% of pre-Covid 2019 level
Delta Air Lines planes at LaGuardia Airport in New York, on Aug. 2
Delta Air Lines planes at LaGuardia Airport in New York, on Aug. 2Photographer: Angus Mordant/Bloomberg
Updated on

Delta Air Lines Inc. logged the steepest drop on the S&P 500 and its biggest one-day decline in a year after warning that rising fuel costs will threaten earnings this quarter. The caution also weighed down other carriers. 

The Atlanta-based airline reported the first aid-free quarterly profit among big U.S. carriers since the start of the pandemic, even as the coronavirus delta variant dented demand.