Delta Air Lines has lowered its performance outlook for the first quarter of 2025.
Due to economic uncertainties and the impact of accidents, demand has slumped. Revenue is expected to increase by 3-4% (previous forecast was 7-9% increase), with earnings per share estimated at $0.3-$0.5 (previously $0.7-$1).
Ed Bastian, CEO, appearing on CNBC, said, “This is seasonally the toughest quarter for the industry, and historically a somewhat difficult quarter to predict,” noting that about a $500 million impact is expected for the quarter. While the company is benefiting from the decline in crude oil prices, it is maintaining its full-year outlook.
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