Delta posts a $2 billion quarterly profit, but shares dip as airline trims forecast of 2024 earnings
FILE - The logo for Delta Air Lines appears on a screen above a trading post, on the floor of the New York Stock Exchange, Thursday, July 13, 2023. Delta Air Lines earned $2 billion in the fourth quarter, posted record full-year revenue, and says it's buying more planes to boost its international flying. (AP Photo/Richard Drew, File)
Delta Air Lines earned $2 billion in the fourth quarter, posted record full-year revenue, and says it is buying more planes to boost its international flying.
The airline's shares fell 8% in midday trading Friday, however, as the company pulled back on its profit forecast for 2024.
Delta said full-year earnings will be $6 to $7 a share — down from an earlier prediction of more than $7 a share. Analysts had already trimmed their expectations to $6.50 a year, but the update from Delta was enough to spook investors.
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