Related News

Maritime boost: India’s largest port project eyes raising $ 3.5 billion debt; Vadhvan gears up for global trade role

In a major push for India’s port and maritime sector, Vadhvan Port Project Ltd, the firm behind what is set to become the country’s largest port—is gearing up to raise

India-UK FTA: Focused on doing trade deals to complement, not compete, says Goyal; ‘massive investments’ in innovation sector over the next decade

Union minister for commerce and industry Piyush Goyal on Thursday said that India is in trade dialogues with the countries with whom it does not compete rather can complement with

Tiny fossils reveal how water flow shaped the early marine ecosystem |

Source: University of Missouri In a recent study, researchers studied ancient reefs built by sponge-like creatures called archaeocyathids in Nevada, 514 million years ago. They found that early reefs did

7 reasons why not using the phone can improve health

We’ve all been guilty of it. Lying in bed, mindlessly scrolling through social media, one more reel, then another, or responding to late-night texts. But this behavior might be stealthily

Delta Air Lines slashes earnings outlook, sending shares down

Word Count: 159 | Estimated Reading Time: 1 minute

Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington.

Kent Nishimura | Getty Images

Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.

Delta expects revenue in the quarter ending March 31 to rise no more than 5% from last year, down from a forecast in January of 6% to 8% growth. It slashed its adjusted earnings forecast to 30 cents to 50 cents per share from a previous guidance of 70 cents to $1 a share.

“The outlook has been impacted by the recent reduction in consumer and corporate confidence caused by increased macro uncertainty, driving softness in Domestic demand,” Delta said in a securities filing.

The forecast, delivered after the market closed on Monday, comes a day before a JPMorgan airline industry conference where CEOs are expected to update investors on current demand trends.

This is breaking news. Please check back for updates.