达美航空公司（Delta Air Lines Inc.）下调了其全年盈利预期，因为中东战争引发的航空燃油价格高企持续冲击着美国航空公司，尽管强劲的出行需求也帮助该公司抵消了部分额外成本。
Air Lines Inc. reduced its full-year earnings outlook as high jet fuel prices stemming from the war in the Middle East continue roiling US airlines, even as strong travel demand helps the carrier offset some of the added costs.
这家总部位于亚特兰大的航空公司周五表示，预计2026年经调整后的每股收益为5.10至5.60美元，远低于其7月份重申的6.50至7.50美元区间。这一新预测与彭博社汇总的分析师对该年度每股收益5.44美元的估算基本一致。
The Atlanta-based airline said Friday it expects adjusted earnings of $5.10 to $5.60 per share in 2026, well below the $6.50 to $7.50 range it reaffirmed in July. The new forecast is in line with analyst estimates compiled by Bloomberg of $5.44 per share for the year.
达美表示，预计今年将比2025年多承担约60亿美元的燃油成本。
Delta said it expects to absorb approximately $6 billion in additional fuel costs this year compared with 2025.
首席执行官埃德·巴斯蒂安（Ed Bastian）在谈到这一新盈利区间时表示：“这不会让任何人感到意外，完全是因为燃油价格更高。如果价格继续上涨且持续时间更长——我认为确实会这样——作为业内的高端航空公司，我们有最好的能力将这部分成本反映在票价中。”该公司在纽约盘前交易中股价下跌。作为首家公布季度业绩的美国主要航空公司，在成本不断上升以及人们对假期旅行旺季需求能否持续强劲存在疑问之际，投资者将达美视为行业的风向标。
“I wouldn’t call that a surprise to anyone, it’s all because of higher fuel prices,” Chief Executive Officer Ed Bastian said of the new range. “If this continues to go higher for longer — which I think it will — as the premium airline in the industry we have the best ability to be able to price for that.”Shares fell in premarket trading in New York. As the first major US carrier to report quarterly results, investors see Delta as a bellwether for the industry at a time of rising costs and questions about how long demand will remain strong in the face of rising ticket prices entering the crucial holiday travel season.
达美公布的第三季度经调整每股收益为1.72美元，低于彭博社调查的分析师平均预期的1.82美元。经调整收入较上年同期增长约16%，达到176亿美元，大致符合预期。
Delta reported adjusted third-quarter earnings of $1.72 per share, lower than the $1.82 expected on average among analysts surveyed by Bloomberg. Adjusted revenue rose about 16% from a year earlier to $17.6 billion, roughly in line with expectations.
该公司表示，经调整的燃油支出同比激增62%，达到41亿美元，其中包括比7月份预测高出超过5亿美元的成本。
The carrier said adjusted fuel expenses jumped 62% to $4.1 billion year-over-year, including more than $500 million in additional costs compared with its July forecast.
巴斯蒂安在接受彭博社采访时说：“我们仍然看到非常强劲的需求，并且预计这种需求将在第四季度和明年年初持续。”
“We continue to see very strong demand, and we see that being sustained in the fourth quarter and the start of next year,” said Bastian in an interview with Bloomberg.
他还表示，尽管机票价格预计将上涨，但他并未看到出行需求出现减弱迹象。
He also didn’t see travel demand tapering off even as airfares are expected to climb.
“即便票价有所上涨，航空旅行在整个消费市场中仍算得上是性价比很高的选择，”他说道，“目前的机票价格仍比通胀率低10个百分点。”这家航空公司报告称，经调整后的税前利润达15亿美元，与去年同期基本持平；票价上涨以及高端服务收入的增长有效抵消了燃油成本上升带来的负面影响。
“Air travel, even with a higher price point, is still a relative bargain in the consumer economy,” he said. “Airfares are still 10 points lower than inflation.”The carrier reported adjusted pretax income of $1.5 billion, basically flat from a year earlier, as higher ticket prices and growing premium revenue helped cushion the impact of fuel costs.
高端服务收入增长了18%；而作为达美航空联名信用卡的独家发行方，美国运通公司带来的收入也增长了15%。
Premium revenue increased 18%, while revenue from its long-standing partnership with American Express Co., the exclusive issuer of Delta’s co-branded credit card, rose 15%.
对于第四季度，达美航空预计调整后每股收益将在1.15美元至1.65美元之间，营收同比增幅约为20%。
For the fourth quarter, Delta forecast adjusted earnings of $1.15 to $1.65 per share and revenue growth of about 20% from a year earlier.
该公司预计运营利润率将维持在7%至9%的水平，全口径燃油价格约为每加仑4.25美元，这意味着高昂的能源成本在年底前仍会对盈利造成拖累。
The carrier expects an operating margin of 7% to 9% and an all-in fuel price of approximately $4.25 per gallon, signaling that elevated energy costs will remain a drag on earnings through year’s end.
为提升营收，达美航空愈发重视高消费能力的客户群体及其利润丰厚的常旅客计划。近期，公司进一步扩充了专属的Delta One贵宾休息室网络，对商务舱服务进行了更细致的细分，还深化了与SkyMiles常旅客计划相关的各项合作。
Delta has increasingly leaned on higher-paying customers and its lucrative loyalty program to drive revenue. It recently expanded its network of exclusive Delta One lounges, further segmented its business-class cabins and deepened partnerships tied to its SkyMiles program.
本季度，除普通经济舱机票销售外的其他收入——包括高端座位服务、常旅客计划及其他相关业务——占调整后总营收的61%。
Revenue outside of traditional main cabin ticket sales, including premium seating, loyalty and other businesses, accounted for 61% of adjusted revenue in the quarter.
提升机上无线网络速度正是达美航空及其他竞争对手吸引高端旅客的重要手段之一。
Faster in-flight Wi-Fi is one of the ways Delta and rival carriers are trying to lure premium travelers.
近期，达美航空因选择亚马逊旗下的Leo卫星互联网服务而非SpaceX的星链服务，卷入了与埃隆·马斯克的公开争执。巴斯蒂安5月份对彭博社表示，亚马逊提供的服务带宽更优，且价格远低于星链服务。
Delta recently found itself in the middle of a public spat with Elon Musk after the carrier selected Amazon.com Inc.’s Leo satellite internet service instead of SpaceX’s Starlink. Bastian told Bloomberg in May that Amazon’s product offered better bandwidth at a significantly lower price than Starlink.
马斯克多次就此事批评巴斯蒂安；上周，在社交平台X上出现据称出自巴斯蒂安之口的未经证实言论后，马斯克称这位达美高管“会因此丢掉工作”。
Musk repeatedly criticized Bastian over the choice, saying last week the Delta executive “will lose his job over this” after an account on X circulated unverified comments attributed to Bastian.
“我非常有信心，我们在无线网络服务方面做得不错。虽然我很想回应最近的那些言论，但并不会这么做，”巴斯蒂安在被问及近期相关评论时说道。“星链是一项出色的产品，我们对其十分了解。我们曾在星链发展的早期阶段就参与其中，但由于未能达成合作协议，最终各自走上了不同的发展道路。”达美航空的主要竞争对手——联合大陆控股公司、美国航空集团以及西南航空——都在积极引入星链服务；其中美国航空还宣布计划将该服务推广至旗下1000多架主力客机。
“I’m very confident that we’re doing just fine here on Wi-Fi, and I’m not going to take any bait there, as much I’d like to,” Bastian said when asked about the recent comments. “Starlink is a great product, we know it well. We were involved in the early days of Starlink, and we couldn’t align on an agreement so we went our own separate paths.”Delta’s main competitors — United Airlines Holdings Inc., American Airlines Group Inc. and Southwest Airlines Co. — are embracing Starlink, with American announcing plans to expand the service to its entire mainline fleet of more than 1,000 aircraft.