Delta CEO says no feud with Musk as airline misses earnings

Ed Bastian denies personal conflict with Elon Musk over Starlink, but Delta's earnings miss and rivals' Starlink deals leave it isolated.

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Delta CEO says no feud with Musk as airline misses earnings

Ed Bastian denies personal conflict with Elon Musk over Starlink, but Delta's earnings miss and rivals' Starlink deals leave it isolated.

In brief

Ed Bastian denies personal conflict with Elon Musk over Starlink, but Delta's earnings miss and rivals' Starlink deals leave it isolated. Delta CEO Ed Bastian denied feuding with Elon Musk over a rejected Starlink deal as the airline missed earnings for the first time in two years. Originally reported by Fortune.

Bastian denies personal feud

Delta CEO Ed Bastian told CNBC there is no tit for tat with Elon Musk over Starlink. He said he is a big fan of Starlink and drives a Tesla.

“There's no tit for tat as far as I'm concerned. I'm a big fan of Starlink. I drive a Tesla.”

Delta misses earnings for first time in two years

Delta missed Wall Street earnings estimates for the first time in two years and cut its twenty twenty-six profit forecast. Jet fuel prices surged since the Iran war started in February.

Fuel costs spike, but revenue hits record

Fuel costs spike, but revenue hits record

Delta's adjusted fuel expense rose sixty-two percent to four point one billion dollars in the September quarter. The airline posted record September-quarter revenue of seventeen point six billion dollars, up sixteen percent.

The Starlink choice that sparked conflict

In March, Delta chose Amazon Leo over Starlink for aircraft Wi-Fi, starting with five hundred aircraft in twenty twenty-eight.

“Delta wanted to make it painful, difficult, and expensive for their customers.”

Musk predicted Bastian would lose his job

In late September, Musk responded to reported remarks by Bastian by posting that Bastian will lose his job over the Starlink decision. Bastian said on CNBC he does not pay any attention to Musk's post.

Rivals move in with Starlink deals

American said it would put Starlink on its entire mainline fleet of more than one thousand thirty aircraft starting in twenty twenty-seven.That leaves Delta as the only one of the three largest U.S.carriers without Starlink.

At a glance

Delta CEO Ed Bastian denied feuding with Elon Musk over a rejected Starlink deal as the airline missed earnings for the first time in two years.

Read the original on Fortune

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