Delta Air Lines has reported a quarterly loss of $289 million, its first in a year, due to soaring fuel expenses projected to rise by $2 billion compared to last year. Despite revenue growth of 14% to $15.9 billion and generating $1.2 billion in free cash flow, the airline faces financial challenges as it forecasts low-teens revenue growth with flat capacity, reflecting ongoing instability in the aviation market.
“We recently announced plans to invest $1 billion in our U.S. manufacturing sites and supply base for the second consecutive year.”
“United, also celebrating 100 years this month, selected 300 GEnx engines for its 787 fleet, making it the largest GEnx operator globally.”
“Levi Strauss & Co’s direct-to-consumer business now generates a majority of their annual revenue.”
“Revenue: $1.74 billion, an increase of +14% YoY”
“Net Loss: -$289.0 million, compared to $240.0 million last year”
“Revenue: $15.9 billion, an increase of +14% YoY”
“The airline produced $1.2 billion in free cash flow, allowing it to reduce adjusted net debt to $13.5 billion, a figure that sits below pre-pandemic 2019 levels.”
“Delta’s guidance for the second quarter of 2026 projects low-teens revenue growth on flat capacity.”
“The Gulf states are grappling with how to survive next to an emboldened Iran that, as of now, retains control over the Strait of Hormuz.”
“To be sure, Iran’s Islamic Revolutionary Guard Corps has sustained heavy losses, including much of its leadership, and the two-week cease-fire doesn’t mean an end to fighting.”
“Benchmark U.S. oil prices plunged 16%—a decline not seen since the depths of the pandemic—to $94.41.”
“An attorney for a man shot by U.S. Immigration and Customs Enforcement agents... disputed claims that he has a warrant out for his arrest in El Salvador.”
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