Profit plunge: A Delta Air Lines Boeing 737 taxiing on the runway. The outlook cut is a shift from the upbeat tone on the company’s last earnings report, when the stock jumped the most in four years. — Wikimedia Creative Commons
ATLANTA: Delta Air Lines Inc cut its profit expectations for the first quarter roughly by half on weakening travel demand, the latest sign that economic worries are pressuring consumer spending.
Earnings will be 30 US cents to 50 US cents a share in the period, down from an earlier forecast of as much as US$1, the carrier said Monday in a statement.
