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Airlines warned fuel prices were a growing threat, but it just became clear how terrible the situation has become

9 days ago   |   By

Airbus
Delta Air Lines reported second-quarter 2018 profits of $1.025 billion on $11.775 billion in operating revenue.
Even though revenues are up, profits are actually $161 million lower than the same period in 2017.
Much of this can be attributed to the increase in fuel prices.
The increase in costs for airlines could be passed on to consumers.
The price of crude oil has skyrocketed more than 50% over the last year and the effects on the airline industry are expected to be profound.
Now we have a better idea of just how profound. See the rest of the story at Business Insider NOW WATCH...
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Delta Air Lines announces June Quarter 2018 profit

Delta Air Lines announces June Quarter 2018 profit

9 days ago   |   By

Delta Air Lines today reported financial results for the June quarter 2018. Highlights of those results, including both GAAP and adjusted metrics, are below and incorporated here.
Adjusted pre-tax income for the June quarter 2018 was $1.6 billion, a $183 million decrease from the June 2017 quarter, as record revenues partially offset the approximately $600 million impact of higher fuel prices.
“With an expected $2 billion higher fuel bill for 2018, we are now forecasting our full-year earnings to be $5.35 to $5.70 per share. We have seen early success in addressing the fuel cost increase...
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