Airline stocks tumble after Delta trims profit forecast
Publishing timestamp: 2024-01-12 12:55:10
Summary
Delta Air Lines shares fell after the company trimmed its 2024 earnings forecast. Despite reporting a fourth-quarter earnings beat, the company lowered its earnings per share estimate for 2024. This news also caused other major airline stocks to decline. Delta CEO Ed Bastian remains optimistic about the recovery of travel demand and expects strong growth in international travel. However, Delta's stock is still down from its pre-pandemic high.
Sentiment: NEGATIVE
Keywords: business, delta air lines inc, southwest airlines co, breaking news: business, transportation, business news, earnings, breaking news: markets, airlines, american airlines group inc, markets, united airlines holdings inc, ed bastian,
Source: https://www.cnbc.com/2024/01/12/airline-stocks-tumble-after-delta-trims-profit-forecast.html