What's Going On With Delta Air Lines Stock?

Delta Air Lines, Inc. DAL shares are trading lower on Tuesday.

In an exchange filing, the company said it expects to deliver year-over-year total revenue growth in the top half of the initial guidance range for the March quarter.

In a press release dated Jan. 12, the company said it expects revenue growth of 3%–6% and an operating margin of ~5% on an adjusted basis.

Delta Air Lines reiterated its FY24 forecast of $6-$7 earnings per share, versus $6.48 estimate. The company sees Adjusted Debt to EBITDA ratio of 2x-3x.

For the first quarter, the analyst expects earnings per share of $0.25-$0.50 versus the $0.36 estimate.

Meanwhile, the company’s peer Southwest Airlines Co LUV lowered first-quarter guidance today, attributing the decline to higher completion factors and reduced Boeing aircraft deliveries.

Economic Fuel Costs Per Gallon rose, and hiring classes halted, but the company anticipates a return to profitability in March.

Read Next: Why Southwest Airlines Shares Are Diving Tuesday

DAL Price Action: Delta Air Lines shares are trading lower by 1.73% to $41.94 on the last check Tuesday.

Photo: Shutterstock