Delta Air Lines Updates Q3 Guidance

Delta Air Lines (NYSE:DAL) updated its Q3 forecast, expecting adjusted EPS to fall between $1.85 and $2.05, down from the prior range of $2.20 to $2.50 per share.

For the full year, Delta Air maintains its adjusted EPS projection of $6 to $7. It anticipates Q3 capacity growth of 16% and a fuel price per gallon ranging from $2.75 to $2.90. The company has adjusted its total revenue growth guidance to fall within the upper half of the previously forecasted 11-14% range, and it expects an operating margin of around 13% for the third quarter.