Reuters Videos · 23h ago +0.93
Delta well positioned despite high fuel costs, portfolio manager says
<body><p>STORY: Delta Air Lines on Wednesday forecast lower-than-expected profit for the second quarter and said it was too early to update its full-year outlook, citing uncertainty from a run-up in jet fuel prices linked to the Iran war.</p><p>The Atlanta-based airline said it was removing all planned capacity growth from the June quarter, cutting supply by about 3.5 percentage points from its original plan.</p><p>Despite the weaker-than-expected forecast, Keith Buchanan, senior portfolio manager at Globalt Investments, said he still sees upside potential in Delta shares.</p><p>"Delta is on the opposite end of the spectrum and is still benefiting from some recovery in business travel," Buchanan said. "They've segmented the cabin in a way that lets them serve customers willing to pay more for added amenities, while still offering more competitive fares to travelers who are less focused on those extras."</p></body>
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