Delta's 2024 Earnings Forecast Trims, Airline Stocks Slide
Airline stocks, including Delta Airlines, fell in premarket trades after Delta lowered its 2024 earnings guidance, citing headwinds in the March quarter and a lower-than-expected earnings outlook. This led to a slide in shares of American Airlines, United Airlines, JetBlue Airways, and Alaska Air Group, as well as the U.S. Global Jets ETF. Delta also announced an order for 20 Airbus A350-1000 aircraft for its long-distance fleet.