Delta Air Lines reveals surprising outlook amid rising economic uncertainty

Delta Air Lines lowered its first-quarter earnings and revenue forecast due to decreased consumer and corporate confidence amid economic uncertainty. The airline reported trends in premium, international, and loyalty revenue as stable. In after-hours trading, Delta shares fell 13.2 percent, following a previous 5.5 percent decline, resulting in a total year-to-date drop of 16.8 percent. Delta now expects revenue growth of 3 to 4 percent, down from a prior projection of 7 to 9 percent, and predicts earnings per share between 30 and 50 cents, revised from 70 cents to 1 dollar. Recent data indicates growing pessimism in the U.S. economy, with potential contraction suggested by the Federal Reserve Bank of Atlanta. Tariffs on imports from various countries are adding to market uncertainty. An incident involving a jet experiencing critical failure during landing in Toronto occurred, with no injuries reported. Learn more on this news visit us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.