Airline Stocks Sink After Delta Cuts Outlook
Airline stocks suffered steep losses today as shareholders contemplated the impact of tariffs on travel. United airlines (ual) led the sectors stocks in losses, cratering over 13% in midday. Alongside delta's 14% drop to $43. 50 after the market closed monday, united. Airline stocks broadly tumbled tuesday after delta and american lowered their outlooks. Meanwhile, southwest (luv) announced new incentives and updated its buyback program while jetblue.
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Delta air lines cut its outlook for the current quarter on monday, citing a dip in consumer and corporate confidence as well as softening domestic demand amid macro uncertainty. Shares of delta air lines inc.
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