Delta cuts Q1 guidance on soft domestic demand

Investing.com -- Delta cut its first-quarter guidance on Monday as softness in domestic demand is expected to weigh on performance.

For the three months ended Mar. 31, the company sees non-gaap earnings in range of $0.30 to $0.50 on revenue of $13.9B to $14.1B, compared with prior estimates for EPS of between $0.70 to $1.00 on revenue.

"The outlook has been impacted by the recent reduction in consumer and corporate confidence caused by increased macro uncertainty, driving softness in Domestic demand," the company said.

Shares of Delta Air Lines Inc (NYSE: DAL) fell more than 8% in recent afterhours trading on Monday.

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