"Delta's Rollercoaster: Record Revenue in 2023, Profit Soars, but 2024 Forecast Trimmed"

Delta Air Lines shares dropped 8% after revising its 2024 earnings forecast to $6 to $7 per share, down from the previous estimate of over $7 per share. This adjustment also impacted other major airlines, with United and American falling about 9% each, and Southwest dropping over 4%. Despite doubling its quarterly profit in 2023 and recovering almost 90% of pre-pandemic travel demand, Delta's stock is still down from its all-time high, trading at around $39 per share on Friday. CEO Ed Bastian expects strong growth in international travel and a positive turn in domestic unit revenues in the first part of the year.