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Delta Air Lines Cuts Flights Amid Rising $2B Fuel Costs

4/8/2026

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Summary

Story summary

Delta Air Lines plans to spend $2 billion on fuel in the second quarter due to rising jet fuel prices amid the Iran conflict.
Fuel costs rise due to the Iran conflict, prompting cost-cutting.
Ed Bastian, the Chief Executive Officer of Delta Air Lines, said the airline will cut about 3.5% of flights.
Delta's adjusted EPS is forecast at $1.00–$1.50, with revenue up at least 10% year over year.

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Story summary

Delta Air Lines plans to spend $2 billion on fuel in the second quarter due to rising jet fuel prices amid the Iran conflict.
Fuel costs rise due to the Iran conflict, prompting cost-cutting.
Ed Bastian, the Chief Executive Officer of Delta Air Lines, said the airline will cut about 3.5% of flights.
Delta's adjusted EPS is forecast at $1.00–$1.50, with revenue up at least 10% year over year.