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Delta cuts profit forecast

Bloomberg on MSN · 1d

Delta Slashes Its Profit Forecast on Weakening Travel Demand

Delta Air Lines Inc. cut its profit expectations for the first quarter roughly by half on weakening travel demand, the latest sign that economic worries are pressuring consumer spending.

Reuters on MSN · 1d

Delta cuts profit forecast as US economic uncertainty hits travel

Delta Air Lines on Monday slashed its first-quarter profit estimates by half, sending its shares down 14%, and its CEO said the environment had weakened due to U.S. economic uncertainty.

The Business Journals · 21h

Delta slashes earnings forecast in half amid economic uncertainty, softening demand

Economic malaise among consumers and businesses is softening domestic travel demand, prompting the Atlanta-based airline to set its year-over-year revenue growth forecast for the first quarter at 3-4%, down from initial guidance of 7-9%, according to a Monday filing with the U.S. Securities and Exchange Commission.

1hon MSN

Airline profits hit turbulence from Q1’s ‘parade of horribles’

Wall Street is quickly adjusting its profit estimates for the major U.S. airlines after mostly negative updates from the ...

Delta Lowers Outlook, Cites Decline in Consumer and Corporate Confidence

Delta is the first U.S. airline to revise its outlook following fears that the U.S. may hit an economic soft patch.

14h

Delta, Airbnb lead travel stock selloff on consumer worries

Fears were around consumer spending spurred by President Donald Trump’s policies. Read more at straitstimes.com.

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