Delta CFO Says Fuel Prices Have Moved Higher Since July, Adding Roughly $400M Of Expense To Outlook For Second Half Of Year
Portfolio Pulse from Benzinga Newsdesk
Delta's CFO has announced that fuel prices have increased since July, adding approximately $400 million to the company's expense outlook for the second half of the year.
October 12, 2023 | 2:23 pm
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NEGATIVE IMPACT
Delta Air Lines is expected to face increased expenses in the second half of the year due to rising fuel prices.
The increase in fuel prices directly impacts Delta's operating costs, which could negatively affect their profitability and potentially their stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100