Airlines, Including Delta, See Stocks Tumble
Atlanta-based Delta Air Lines has seen steep drops in its stock prices this week, as Wall Street falling out of love with most US carriers.
Delta revised down its quarterly outlook this week, blaming a drop-off in late bookings. 
The airline says across-the-board federal budget cuts are partly responsible for the softening demand.
Delta’s not alone.
US Airways on Wednesday said its March was flat for the same reason, although its stock only fell by about a percent.
American, Southwest and JetBlue also saw stocks drop.
Despite the lighter-than-expected bookings, Delta still predicts a 4 to 4.5% increase in unit revenue for the quarter.
In 2012, the airline made a billion dollars.
9(MDAxODM0MDY4MDEyMTY4NDA3MzI3YjkzMw004))
Top Stories
