DALLAS | Disappointing outlook from Delta drags down airline stocks

3Jan - by Editor - 0 - In STL.News

DALLAS —Jan 03, 2019— Airlines stocks were pummeled Thursday after Delta Air Lines Inc. trimmed its revenue forecast for the fourth quarter, renewing investors’ fears that airlines will squander the savings they are reaping from the recent drop in fuel prices.

Delta shares plunged nearly 9 percent, their worst one-day showing since 2012, to close at $45.61.

The parent companies of American Airlines, United Airlines and Alaska Airlines all dropped about 5 percent or more.

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