Delta Cuts Full-Year Outlook on Fuel Costs; Humana Jumps on Medicare Ratings

Yahoo Finance··US·Read original
3▲1 ▼3Impact / 5
Summary · why it matters

Delta Air Lines reduced its full-year earnings outlook, sending its shares down 2.6% in premarket trading, after persistently high jet fuel prices tied to the war in the Middle East pushed fuel costs $500 million higher in its most recent quarter. The carrier said strong travel demand was not enough to offset the higher fuel expense, and unlike European airlines, U.S. carriers do not hedge jet fuel, leaving them more exposed to spot prices. Humana surged after 18 of its Medicare Advantage contracts received ratings of at least four stars, up from seven a year earlier, a jump that can translate into bonuses worth billions of dollars and boost future revenue. CVS shares fell as ratings for some of its largest plans deteriorated, while UnitedHealth shares were little changed in premarket trading. Apple shares slipped after a report that the company cut component orders for the iPhone 18 Pro and iPhone 18 Pro Max following weaker-than-expected demand.

Impact on assets 7

Aging Population▲
Humana Inc
HUM
▲ PositiveRegulationrelevance

18 Humana Medicare Advantage contracts received at least four stars, up from seven, potentially worth billions in bonuses.

Artificial Intelligence▼
Apple Inc.
AAPL
▼ NegativeDemandrelevance

Apple cut component orders for iPhone 18 Pro models following weaker-than-expected demand.

Health Care▼
CVS Health Corp
CVS
▼ NegativeRegulationrelevance

CVS shares fell as ratings for some of its largest Medicare Advantage plans deteriorated.

Industrials▼
Delta Air Lines Inc
DAL
▼ NegativeSupplyrelevance

Delta cut its full-year outlook as persistently high jet fuel prices pushed fuel costs $500 million higher.