Delta air planes are parked at Seattle Takoma International Airport on June 19, 2024 in Seattle, Washington.
Kent Nishimura Gety pictures
Delta Airlines It reduced its revenues in the first quarter and profit expectations, noting the weak domestic demand, and the support of increasing concerns about Fad sales In some angles of the travel industry.
Delta expects that revenues will rise in the quarter ended on March 31, not exceeding 5 % from last year, a decrease from expectations in January from 6 % to 8 % of growth. Its modified profit expectations were reduced to 30 cents to 50 cents per share from previous guidelines of 70 cents to $ 1 per share. Delta shares were more than 13 % in trading hours after they dropped more than 5 % in the regular session on Monday.
Delta said in a file of securities.
“Closing“On Monday, he does not expect stagnation, but he said that consumer confidence has been weakened and that both entertainment and business customers have retracted reservations.
He said that concerns about safety “have been exacerbated by the influence on us” after the deadly atmosphere Collision Between a regional plane and an army helicopter in January in Washington, DC, as well as Delta Fall In Toronto last month it was not fatal.
Bastian's comments come after selling the wide market.
Delta's expectations, which were delivered after the market closed on Monday, expected a day before the JPMorgan Air Industry Conference, where the executive presidents are expected to update investors on the current demand trends. Delta said in a file that the demand for excellent travel, the growth of travel revenues and loyalty is still in line with its expectations.
US Airlinesand Southern West Airways and United Airways It is among the other transport companies that will also update the Wall Street trends upon request.
Airlines stock prices Decrease In recent days, the increasing signs of the weakest of the consumer spending, which was flexible compared to other industries in the wake of the Covid-19s.
