
Airlines cut 2026 profit forecasts as fuel drives fares up 22%
Delta, United, American and Southwest all trimmed outlooks; United's CEO says money-losing routes will be cut.
NEW YORK — Third-quarter reports from the big U.S. carriers show a split between revenue and profit. Airfares rose 22% year over year in September, the tenth straight monthly increase, according to Axios. Jet fuel is the cause. American said its fuel bill jumped nearly 70%, adding $1.9 billion in costs. Delta expects fuel to cost $6 billion more this year than last. Delta cut its 2026 earnings forecast to $5.10-$5.60 a share, down from $6.50-$7.50 in July, and it missed Wall Street estimates for the first time in two years, CNBC reported. Southwest's average fare climbed 26.9% to $231.69, before fees. United CEO Scott Kirby said there will be less loss-making flying across the industry. That points to possible capacity cuts on thinner routes, which can affect mid-sized airports such as Memphis. No specific Memphis cuts have been announced.
Why it mattersHigher fares and a push to drop marginal routes will shape what Memphis travelers pay and which nonstops survive.



