Delta Expands Maintenance Partnership with LATAM, Trims Some Routes Amid High Fuel Costs

Delta Air Lines expanded its maintenance, repair, and overhaul (MRO) capabilities. The airline partnered with LATAM Airlines Brasil for the expansion. Delta TechOps will manage commercial operations for A320 component repair services. LATAM will perform the repairs at its facility in Brazil. This partnership serves Delta's fleet and third-party customers.

Delta is trimming select summer routes. Sustained high jet fuel prices drove the reduction. Delta aims to protect margins by focusing capacity on profitable routes.

Delta reaffirmed its commitment to using 10% sustainable aviation fuel (SAF). The airline expects to reach this target by 2030. This statement counters reports suggesting the airline had dropped the goal.

BNP Paribas Exane lowered its price target on Delta stock to $81. The firm previously set a target of $85. The firm maintained its "outperform" rating.