Delta Air sticks to first-quarter profit forecast, raises revenue expectations

Group 1 - Delta Air Lines expects first-quarter profit to remain within its initial forecast range while raising revenue expectations due to improved consumer and corporate demand trends [1][2] - The company now anticipates first-quarter revenue growth at a high-single-digit percentage, up from the previous forecast of 5% to 7% [2] - Delta's adjusted profit per share is projected to be between 50 cents and 90 cents [2] Group 2 - Jet fuel prices have surged over 50% since late February due to geopolitical tensions, impacting operational costs for airlines [3] - Fuel costs represent the second-largest expense for air carriers, typically accounting for 20% to 25% of operating expenses, with current jet fuel prices ranging between $150 and $200 per barrel [4]