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Delta's CEO says travel is still strong, but high fuel costs are causing problems.

ResultsRead the original at Benzinga
Bad for DAL

Delta Air Lines’ sales and passenger revenue grew, and it generated free cash. But fuel bills surged, profit missed estimates, and it cut its full-year profit forecast, weakening its profit outlook.

DAL · Delta Air Lines, Inc.

AI read · Bad for DAL

The AI's read

Strong travel demand and rising sales show that customers are still flying. But Delta earned less from each dollar of sales than a year ago. Fuel bills jumped, profit missed estimates, and Delta cut its full-year profit forecast. Those profit pressures outweigh the sales gains, though free cash flow and cash provide some cushion.

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