Delta warns of rising costs after missing earnings estimates in Q2

Carriers are struggling to ramp up capacity and get operations back on a smoother track, resulting in higher operational costs

Delta Air Lines Inc on Wednesday posted a lower-than-expected second-quarter profit and warned that cost pressures would remain elevated through the year as it battles operational challenges, sending its shares lower.
 

U.S. carriers are enjoying the strongest summer travel season in three years as more people resume regular activities including vacations. International traffic and corporate travel demand are also on a rebound, making for a profitable second-quarter for most of the major carriers.
 

However, the industry's decision to let go thousands of workers at the height of the coronavirus pandemic in 2020 has left it ill-equipped to deal with a