Delta shares plunge 14% after airline slashed profit forecast: ‘We saw companies start to pull back'
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Delta Air Lines shares dropped 14% after the company reduced its profit forecast, citing economic concerns affecting domestic travel. Delta is the first major US airline to report such an impact.
March 11, 2025 | 12:30 am
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Delta Air Lines shares fell 14% after the company lowered its profit forecast, citing economic concerns impacting domestic travel. This marks Delta as the first major US airline to report such an effect.
Delta's significant share price drop is directly linked to its reduced profit forecast, which is a result of economic concerns affecting travel demand. This news is highly relevant and important for investors as it indicates potential challenges in the airline industry.
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