‘I drive a Tesla’: After Elon Musk said he’d lose his job, Delta CEO Ed Bastian says there’s ‘no tit for tat’ as airline unveils earnings miss
Bastian says the Starlink snub was business, not personal, as a 62% fuel jump led to Delta’s first earnings miss in two years.
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# Investment Summary Delta Air Lines missed earnings for the first time in two years due to a 62% surge in fuel costs, which overshadowed operational improvements and prompted CEO Ed Bastian to clarify that the airline's decision not to adopt Elon Musk's Starlink was a business decision unrelated to recent public tensions between the two executives. The earnings miss signals that Delta remains vulnerable to volatile fuel prices despite its market position, potentially pressuring investor confidence in the airline sector's profitability outlook.
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