Delta Air cuts third-quarter profit forecast By Reuters

© Reuters. FILE PHOTO: A Delta Air Lines jet departs Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S. December 22, 2021. REUTERS/Elijah Nouvelage

(Reuters) – Delta Air Lines (NYSE:) on Thursday cut current-quarter forecasts for operating margins and profit, owing to increased fuel expenses amid supply cuts by Russia and Saudi Arabia.

The carrier now expects third-quarter earnings per share to range between $1.85 and $2.05, compared with its prior expectations of $2.20 to $2.50 per share.