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Delta Air Lines Cuts Q1 Guidance Below Estimates: Airline Stocks Fall
Trump's policies have triggered a chain reaction! Delta Air Lines (DAL.US) has halved its Q1 earnings guidance, causing a collapse in the US airline Sector.
Delta Air Lines (DAL.US) on Monday halved its first-quarter profit expectations, causing its stock price to drop by as much as 14% in after-hours trading.
Aviation stocks in Asia fell after Delta Air Lines significantly lowered its profit forecast.
Aviation stocks in Asia followed their American counterparts lower, after Delta Air Lines cut its profit estimate for the first quarter by about half, due to concerns over the economic outlook in the United States and flight safety impacting travel demand. Delta Air Lines' stock price plummeted over 10% in after-hours trading, dragging down the stock prices of United Airlines and American Airlines. Australia Airlines dropped 5.3%, excluding the impact of dividends. Air New Zealand briefly fell by 2%.
Express News | Airline Shares Down in Overnight Trading Following Delta Air Lines Q1 Outlook Slashing; DAL Plummets 11%, UAL and AAL Down 8%
Delta Air Lines Stock Plummets After Company Slashes Guidance, Citing Sinking Consumer Confidence
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