Delta came under fire from customers last month when it announced it would make it harder to earn elite frequent flyer status.
The carrier came under fire from customers last month when it announced it would make it harder to earn elite frequent flyer status.In its quarterly report on Thursday, Delta said it expects adjusted, full-year earnings of $6 to $6.25 a share, after$6 to $7 a share in July. Delta cut its free cash flow estimate for the year to $2 billion from the $3 billion it forecast in the summer.
"We expect many of the same trends to continue in the fourth quarter," CEO Ed Bastian said in a CNBC interview."Obviously there's some short-term pressure on fuel.""Obviously there's some short-term pressure on fuel as fuel rose quickly in the third quarter and stayed relatively high into the fourth quarter," Bastian noted.
Delta and other global airlines have cited particularly strong demand for trips abroad, with trans-Atlantic travel a standout, driving revenue for those flights up 34% in the third quarter compared with last year.
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