Delta Spurs Airlines to Plunge After Cut to Revenue Forecast
- Investors fear weaker pricing discipline on lower fuel prices
- Revenue update follows normally busy holiday travel season
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Delta Air Lines Inc. plunged the most in more than six years, pulling rivals lower, after disappointing ticket pricing forced the carrier to cut its revenue forecasts for the second time in two months.
Fourth-quarter revenue from each seat flown a mile, or unit revenue, will rise 3 percent from a year earlier, the Atlanta-based airline said in a regulatory filing Thursday. Delta previously forecast a 3.5 percent gain.