Why Shares of Delta Air Lines Are Declining Today
Shares of Delta Air Lines (NYSE: DAL) traded down more than 5% on Wednesday morning after the U.S. airline giant tempered expectations for the recently completed third quarter due to higher-than-forecast costs. It's a rare bit of bad news for what has been one of the top-performing U.S. airlines in recent years.
In a news release, Delta said traffic was up 6.8% year over year, with 8.3% domestic growth leading the way. Among international destinations, trans-Atlantic traffic stood out, with Pacific travel showing little growth.
Image source: Delta Airlines.
Source Fool.com
