Delta Air Lines is reducing its summer flight schedule to counter high jet fuel prices. The carrier aims to protect profit margins by prioritizing higher-yield routes.
The company reaffirmed its commitment to a 10% sustainable aviation fuel (SAF) usage target by 2030. This clarification follows conflicting reports regarding a potential softening of its environmental goals.
BNP Paribas Exane lowered its price target for Delta stock to $81 from $85. The firm maintained its outperform rating on the shares.