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Delta reduced $300 mil of price increases from their 2019 rev guidance due to declining oil prices but still kept their forecast of crude prices at $65 to $70 unchanged.  The impact of today's crude price will add $2 to 2019 earnings.  They just don't believe it yet.  There is so much crude supply available that the only way prices rise is by panicked futures buying by hedge funds (and subsequent liquidation when the thesis proves wrong).  Delta will hit $70 by April