Reported about 19 hours ago
Delta Air Lines has reduced its revenue and profit forecasts for the current quarter, citing declining consumer and corporate confidence amid broader economic uncertainty. The company's expected revenue growth has decreased from 7%-9% to 3%-4%, and earnings per share projections have dropped from $0.70-$1.00 to $0.30-$0.50. This announcement resulted in a significant stock decline of approximately 13% in after-hours trading, reflecting concerns over deteriorating sentiment in the U.S. economy.
Source: YAHOO