Delta Air Lines ($DAL) warned that reduced flight schedules caused by the recent U.S. government shutdown will likely result in a $200 million profit hit which is equivalent to approximately $0.25 per share. Demand still remains healthy, according to the carrier’s regulatory filing.
- Delta projected a $200 million negative impact on earnings for the quarter due to schedule reductions linked to the shutdown.
- The company estimates the effect will reduce earnings by roughly 25 cents per share.
- Despite the schedule cutbacks, Delta stated airline passenger demand remains healthy for the quarter.
- The impact was disclosed in a Form 8-K filing submitted to the SEC on Wednesday.
Relevant Companies
- Delta Air Lines ($DAL) — Directly affected by the forecasted profit hit and potential pressure on quarterly earnings.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
