Delta joins other airlines in cutting profit estimates on higher costs

Delta Air Lines airplanes at the Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, U.S., on Tuesday, Dec. 21, 2021.

Elijah Nouvelage | Bloomberg | Getty Images

Delta on Thursday joined other carriers in trimming its profit estimates as costs rise.

Delta said it expects to report adjusted per-share earnings of between $1.85 and $2.05, down from an earlier forecast of $2.20 to $2.50.

The company’s shares rose more than 2% in premarket trading.

American Airlines, Spirit Airlines and Frontier Airlines warned Wednesday that higher costs would cut into their profits in the summer quarter. Their lowered outlooks followed similar guidance from Southwest Airlines and Alaska Airlines.

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