Delta Air Lines shares fell 2.3% in pre-market trading on Wednesday.
The International Air Transport Association (IATA) cut its 2026 global airline profit forecast by nearly half. Surging jet fuel prices triggered the downward revision, weighing on investor sentiment across the entire airline sector.
Jet fuel prices have nearly doubled since late February following global oil supply disruptions. High fuel costs threaten to erode earnings despite resilient travel demand.