Delta Lowers Outlook, Cites Decline in Consumer and Corporate Confidence
Skift Take
Delta is the first U.S. airline to revise its outlook following fears that the U.S. may hit an economic soft patch.
Delta Air Lines cut its first-quarter revenue and profit forecast due to an increase in economic uncertainty.
“The outlook has been impacted by the recent reduction in consumer and corporate confidence caused by increased macro uncertainty, driving softness in Domestic demand,” Delta said in a regulatory filing on Monday.
The carrier said its premium, international and loyalty revenues are still consistent with its first-quarter outlook.
Delta expects its operating profit margin during the first quarter to increase to no more than 5%, down from its previous forecast of 6% to 8%. The carrier expects revenues
