Shares of major airlines fell premarket Tuesday after Delta Air Lines (DAL) announced a Q1 guidance cut overnight.
Delta Air Lines said it now expects Q1 earnings per share to $0.30 to $0.50 on revenue growth of 3% to 4%. Previous EPS guidance was $0.70 to $1 on revenue growth of 7% to 9%.
Shares of Delta Air Lines were down over 11%; United Airlines Holdings (UAL) shares fell past 7%; American Airlines Group (AAL) stock was over 6% lower; and Southwest Airlines (LUV) shares were down more than 2% in recent premarket activity Tuesday.
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