{"id":72787,"date":"2026-10-09T06:38:16","date_gmt":"2026-10-09T10:38:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/delta-air-lines-slashes-guidance-amid-fuel-surge-tesla-china-sales-rise\/72787\/"},"modified":"2026-10-09T06:38:16","modified_gmt":"2026-10-09T10:38:16","slug":"delta-air-lines-slashes-guidance-amid-fuel-surge-tesla-china-sales-rise","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/delta-air-lines-slashes-guidance-amid-fuel-surge-tesla-china-sales-rise\/72787\/","title":{"rendered":"Delta Air Lines Slashes Guidance Amid Fuel Surge; Tesla China Sales Rise"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Delta Air Lines (<a href=\"\/stock\/DAL\">DAL<\/a>)<\/strong> slashed its full-year profit forecast by nearly 25% due to a projected <strong>$6 billion<\/strong> increase in fuel costs, despite reporting record third-quarter revenue.<\/li>\n<li><strong>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>)<\/strong> saw a <strong>5% year-over-year increase<\/strong> in China-made vehicle sales for September, delivering <strong>95,366 units<\/strong> as it continues its recovery in the world&#39;s largest auto market.<\/li>\n<li>Ukrainian President <strong>Volodymyr Zelenskyy<\/strong> reported extensive damage to the national power grid and transmission facilities following a massive wave of Russian strikes.<\/li>\n<li>In Spain, right-wing parties <strong>Partido Popular (PP)<\/strong> and <strong>Vox<\/strong> are leading in the polls with a combined <strong>50.8%<\/strong> support ahead of a snap general election scheduled for November 29.<\/li>\n<\/ul>\n<h2>Delta Air Lines Hit by Surging Fuel Costs<\/h2>\n<p>Delta Air Lines (<a href=\"\/stock\/DAL\">DAL<\/a>) reported mixed third-quarter results on Friday, as record travel demand was overshadowed by a dramatic spike in energy prices. The carrier posted adjusted earnings per share (EPS) of <strong>$1.72<\/strong>, missing analyst estimates of <strong>$1.82<\/strong>. While adjusted revenue reached <strong>$17.59 billion<\/strong>, surpassing expectations, the company was forced to absorb a <strong>62% jump<\/strong> in adjusted fuel expenses, which totaled <strong>$4.1 billion<\/strong> for the quarter.<\/p>\n<p>The airline significantly lowered its full-year 2026 guidance, now expecting adjusted EPS between <strong>$5.10 and $5.60<\/strong>, down from its previous range of <strong>$6.50 to $7.50<\/strong>. Management noted that the revision is almost entirely due to the &quot;higher for longer&quot; fuel environment, with the company expecting to absorb a total <strong>$6 billion<\/strong> fuel hike for the year. Despite the guidance cut, Delta remains optimistic about year-end travel, projecting December quarter revenue growth of approximately <strong>20%<\/strong>.<\/p>\n<h2>Tesla China Sales Maintain Upward Momentum<\/h2>\n<p>Tesla (<a href=\"\/stock\/TSLA\">TSLA<\/a>) continues to show resilience in the competitive Chinese market, with new data from the China Passenger Car Association (CPCA) showing the sale of <strong>95,366 China-made vehicles<\/strong> in September. This represents a <strong>5% increase<\/strong> compared to the same period last year. The growth was supported by strong performance from the Model 3 and Model Y, alongside strategic discounts of up to <strong>7,000 yuan<\/strong> ($1,044) offered on selected variants to maintain market share.<\/p>\n<p>The September figures contribute to a strong third quarter for Tesla\u2019s Shanghai Gigafactory, which saw a <strong>13.7% annual growth<\/strong> in deliveries. This recovery comes at a critical time as the automaker faces intensifying competition from domestic Chinese rivals like <strong>BYD<\/strong> and <strong>Xiaomi<\/strong>. Analysts suggest that the recent launch of the six-seater Model Y variant has been a key driver in sustaining consumer interest in the region.<\/p>\n<h2>Geopolitical and Macroeconomic Developments<\/h2>\n<p>In Ukraine, the energy crisis has reached a critical point following what President <strong>Volodymyr Zelenskyy<\/strong> described as &quot;vile&quot; strikes on infrastructure. The attacks have caused <strong>extensive damage<\/strong> to power grids and electricity transmission facilities, leading to emergency blackouts in Kyiv and several other regions. Restoration efforts are reportedly underway around the clock as the country prepares for a difficult winter season.<\/p>\n<p>Meanwhile, Spain is bracing for a significant political shift. Following the calling of a snap general election for <strong>November 29<\/strong>, recent polling indicates a surge in support for the right-wing alliance. The conservative <strong>Partido Popular (PP)<\/strong> and the hard-right <strong>Vox<\/strong> party are currently projected to capture a combined <strong>50.8%<\/strong> of the vote, potentially ending years of left-leaning governance under Prime Minister Pedro S\u00e1nchez. The election is expected to be dominated by the ongoing housing affordability crisis and recent protests over surging rents.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Delta Air Lines (DAL) slashed its full-year profit forecast by nearly 25% due to a projected $6 billion 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