business / news / / New York Post
Delta Air Lines says it will pull all planned capacity growth from the June quarter.
Delta will cut planned capacity growth by 3.5 percentage points in the June quarter.
KEY POINTS
- Delta expects to pay $4.30 per gallon for jet fuel in the June quarter, adding $2 billion in costs.
- Delta forecasts June quarter earnings of $1 to $1.50 per share, below analyst expectations.
- Delta expects a $300 million benefit from its refinery in Q2, up from $60 million in Q1.
- Delta raised checked-bag fees and signaled these higher fees may remain due to fuel costs.
COMPANIES
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