Delta drags down the airline sector
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Airline stocks crater after Delta issues slightly lower revenue growth outlookAirline stocks tumbled on Thursday after Delta issued a slightly lower revenue growth forecast for the fourth quarter. All major U.S. airlines were trading sharply lower. The sector is set to start reporting fourth-quarter earnings in mid-January.
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Delta CEO says government shutdown is costing airline $25 million a monthHere's what investors are watching, from JPMorgan Chase and Wells Fargo earnings to Theresa May's Brexit bill.
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Delta CEO: There's slight reduction in January revenue due to shutdown'It's hopefully going to be relatively smooth traveling for our customers.' The government shutdown may be causing longer lines at some airports, Delta CEO Ed Bastian said, but 'most of our airports are reporting no material change in the line waits.'
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Delta CEO says government shutdown is costing airline $25 million a month, and holding up its newest jetHere's what investors are watching, from JPMorgan Chase and Wells Fargo earnings to Theresa May's Brexit bill.
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