Reuters reported that Delta, Southwest and American lowered their 2026 earnings forecasts, while United projected fourth-quarter profit below Wall Street expectations. All four nevertheless posted record third-quarter revenue as higher fares supported sales.
US airfares rose nearly 23% year over year on average in the seven months through September, but carriers now expect fuel prices of roughly $4.25 to $4.85 a gallon. With further fare increases potentially weakening demand, airlines are also tightening capacity plans.
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