Delta third-quarter net profit almost halves as fuel bill soars

Delta Air Lines reported a significant decrease in its third-quarter net profit, nearly halving to $756 million due to a substantial increase in fuel costs. Fuel expenses rose by approximately 70%, contributing an additional $500 million to the carrier’s expenditures compared to projections made in July. Despite this surge in operational costs, demand for air travel continues to remain robust across Delta's network. This financial performance reflects the ongoing challenges faced by airlines navigating volatile global energy markets. Analysts are closely monitoring future results as they assess the long-term impact of these elevated fuel prices on Delta’s profitability.