Delta Air Lines cut its first-quarter revenue and profit outlooks, citing weaker domestic demand, according to CNBC. Delta lowered its first-quarter revenue growth forecast and cut its adjusted earnings outlook due to weaker demand. Its stock dropped sharply, declining during regular trading and falling further after hours. Delta CEO Ed Bastian said he does not expect a recession but noted that weakened consumer confidence has led to a decline in both leisure and business bookings. Bastian said recent aviation incidents have worsened the airline's demand challenges.
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00:00It's Benzinga bringing Wall Street to Main Street. Delta Airlines cut its first quarter
00:03revenue and profit outlooks, citing weaker domestic demand, according to CNBC.
00:07Delta lowered its first quarter revenue growth forecast and cut its adjusted earnings outlook
00:12due to weaker demand. Its stock dropped sharply, declining during regular trading and falling
00:16further after hours. Delta CEO Ed Bastian said he does not expect a recession, but noted that
00:21weakened consumer confidence has led to a decline in both leisure and business booking. Bastian said
00:27recent aviation incidents have worsened the airline's demand challenges.
00:30For all things money, visit Benzinga.com slash GSTV.