Delta Air Lines (DAL) Falls: The Price For The Fuel Might Increase: How It Will Influence?

Delta Air Lines Incorporation made an announcement about the first profit for the quarter without taking into account the federal help to the U.S air carrier starting from the COVID-19 pandemic and also made a point that the price for the jet fuel can increase. The profit for the third quarter beat the predictions, which were made by the analysts since the Avia company had overcome the big challenge with the low demand amid the new types of the coronavirus.

The net income for the third quarter without taking into consideration the aid from the governance of $1.3 billion is totaled $194 million or 30 cents for every share while the analysts were expecting to get about 17 cents. However, the company made a statement where it implied that there might be some financial issues amid the high price of the fuel which will increase by more than $2.40 for every gallon comparing to the $1.95 during the third quarter. 

Agneta Johansen

Agneta is still enjoying her trips to Asia and Africa while she works at Own Snap as an author and reporter. Very soon she will settle somewhere in Europe and run her startup enterprise.