On June 19, 2024, in Seattle, Washington, Delta Air Lines were seen parked at Seattle-Tacoma International Airport.
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Delta gas line Cut its first-quarter revenue and profit forecasts citing weaker travel demand for consumers and companies.
Delta expects revenue for the quarter ended March 31 to rise by no more than 5% from last year, down from the forecast of 6% growth to 8% in January. It cut its adjusted earnings forecast by 30 cents, or 50 cents a share, from the previous 70 cents to $1 a share guide.
“The outlook has been affected by increased macro uncertainty, driving consumer and company confidence as a result of soft domestic demand,” Delta said in its securities filing.
The forecast, which comes after the market shutdown on Monday, comes the day before the JPMorgan Chase Airline Industry Conference, where the CEO is expected to update investors on current demand trends.
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