Delta Sees $2 Billion Fuel Hit With CEO Cautious on Outlook (3)

Delta Air Lines Inc. expects to incur more than $2 billion in higher fuel costs through June because of the Iran war, prompting the carrier to tread carefully and stick to its previous full-year profit forecast.

Fuel prices have soared as the conflict disrupts global energy markets, raising costs for airlines at a time when demand has otherwise held up. The increase is forcing carriers to weigh how much of the higher expense they can pass on through fares without dampening bookings.

“High fuel prices have been the most powerful catalyst for change, separating the winners and forcing weaker players ...