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Delta Cut Its 2024 Profit Forecast on Economic, Supply-Chain Concerns
DALDelta(DAL) Investopedia·2024-01-12 17:25

Key TakeawaysDelta Air Lines Inc. reduced its full-year earnings per share (EPS) forecast and its stock price fell about 8% in intraday trading Friday.The airline said it was being prudent about its outlook because of concerns about the economy and its supply chain.Delta reported better-than-expected fourth-quarter results on booming international travel and sales of premium seat tickets.Delta Air Lines Inc. (DAL) shares plummeted Friday after the air carrier lowered its 2024 earnings guidance on concerns a ...