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The Delta Air Lines aircraft are parked at the Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.
Kent nishimura | Getty images
Delta airlines He cut his income and profits of the first quarter, citing a weaker internal demand, supporting growing concerns about mediocre sales In some corners of the travel industry.
Delta hopes that the income in the quarter that ends on March 31 will increase no more than 5% compared to last year, below a prognosis in January from 6% to 8% growth. He trimmed his prognosis of sets adjusted to 30 cents at 50 cents per share of an earlier guide of 70 cents at $ 1 per share. Delta’s shares were no more than 13% in negotiation outside the schedule after more than 5% fell in the regular session on Monday.
“The perspective has been affected by the recent reduction in the confidence of consumers and corporate caused by greater macro uncertainty, promoting the softness of domestic demand,” Delta said in a presentation of values.
Delta’s CEO, Ed Bastian, told CNBC. “Closing bell“On Monday, he does not expect a recession, but said that consumer’s confidence has weakened and that both leisure and businesses have retired reservations.
He said that the concerns about security “a little exacerbated the impact on us” after the mortal in the air. collision Between a regional plane and an army helicopter in January in Washington, DC, as well as Delta accident when landing In Toronto last month that was not fatal.
Bastian’s comments come after a large market sale.
The Delta forecast, delivered after the market closed on Monday, occurs one day before a conference of the JPMorgan airline industry in which CEO is expected to update investors on current demand trends. Delta said in a presentation that the demand for premium trips, international trips and growth income for loyalty is still in line with their expectations.
American Airlines, Southwest Airlines and United Airlines They are among the other carriers that will also update the trends of Wall Street on Demand.
The prices of the actions of the airlines have fell sharply In recent days, the growing weakest spending signs in the consumer hit the sector, which had been resistant compared to other industries following the pandemic.
