Higher costs and low base fares send Delta’s profit down 29%

Delta Air Lines gave a disappointing outlook for the third quarter of 2024 (AP Photo/Julia Nikhinson)

Americans are travelling in record numbers this summer, but Delta Air Lines saw a second-quarter profit drop of 29% due to higher costs and discounting of base-level fares across the industry.

The airline is also predicting a lower profit than Wall Street expects for the third quarter.