Delta's 2024 Earnings Forecast Trims, Airline Stocks Slide
TL;DR
Airline stocks, including Delta Airlines, fell in premarket trades after Delta lowered its 2024 earnings guidance, citing headwinds in the March quarter and a lower-than-expected earnings outlook. This led to a slide in shares of American Airlines, United Airlines, JetBlue Airways, and Alaska Air Group, as well as the U.S. Global Jets ETF. Delta also announced an order for 20 Airbus A350-1000 aircraft for its long-distance fleet.
Topics:businessfinance#airline-stocks#delta-airlines#earnings-guidance#finance#financial-outlook#premarket-trades
- Airline stocks slide after Delta lowers 2024 earnings guidance MarketWatch
- Delta more than doubles fourth-quarter profit, but trims 2024 earnings forecast CNBC
- Delta tops Q4 expectations, CEO says 2024 'off to a flying start' Yahoo Finance Yahoo Finance
- Delta Air Lines Reports Jump in Revenue, Strong Travel Demand The Wall Street Journal
- Delta made $2 billion in profit during the fourth quarter, and the CEO sees more blue skies ahead The Hill
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