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Delta Air Lines slashes earnings outlook citing weaker U.S. demand, sending shares down

  • Delta Air Lines Inc. Cut its profit expectations for the first quarter, reducing earnings to 30 to 50 cents a share from prior estimates of 70 cents to 1 dollar due to weaker domestic travel demand and economic uncertainty.
  • The airline's revenue guidance has been lowered by US$500 million, with the company citing concerns over flight safety and reduced consumer confidence affecting discretionary spending.
  • Delta's shares fell 14%, impacting shares of United Airlines, American Airlines, and Southwest Airlines, contributing to an overall 22% drop in the S&P 500 passenger airlines index.
  • CEO Ed Bastian stated that weakness in booking from various industries has led to an increase in consumer uncertainty, which could affect discretionary spending.
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Benzinga broke the news in New York, United States on Monday, March 10, 2025.
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