Delta Air Lines posts adjusted earnings per share of $1.56 versus $1.48 expected and revenue of $17.67B, and it reaffirms a full-year range of $6.50 to $7.50 while forecasting Q3 of $2.00 to $2.50.CEO Ed Bastian says the carrier is passing roughly 60% of unprecedented fuel cost increases to customers through higher fares, while refinery revenue rising 83% to $2.09B helps offset some pressure as net income falls about 25% to $1.6B after one-time items.Delta expects fuel costs to drop about 20% this quarter but says strong premium demand keeps airfares elevated, with the
Consumer Price Index showing fares up 27% year over year and
United Airlines and
American Airlines set to report later this month.