Gold prices suffer profit taking ahead of likely Fed cut; PCE inflation due
Delta Air Lines (NYSE:DAL) disclosed Wednesday that its December quarter pre-tax profitability is expected to be reduced by approximately $200 million, or about 25 cents per share, as a result of the recent government shutdown. The company made the announcement during a webcast fireside chat at the Morgan Stanley Global Consumer & Retail Conference.
According to Delta, demand for the December quarter remains healthy and trends for early 2026 are strong. The company stated that growth in travel bookings has returned to initial expectations following a temporary softening in November, which was attributed to the government shutdown.
The information is based on a press release statement included in Delta’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Delta Air Lines has introduced a new shipment tracking system called Pulse through its Delta Cargo division. The platform, utilizing Trackonomy’s visibility technology, offers real-time location intelligence for air cargo shipments, aiming to enhance operational efficiency by providing proactive alerts about potential disruptions. Meanwhile, the Federal Aviation Administration (FAA) is facing significant challenges, as it announced widespread air traffic control staffing shortages, leading to flight delays at six major airports, including Atlanta and San Francisco. Additionally, the FAA is planning to reduce flights at 40 high-traffic U.S. airports by up to 10% due to safety concerns amid the ongoing federal government shutdown. This situation has contributed to a decline in passenger bookings for U.S. airlines, as reported by the industry trade group Airlines for America. The prolonged government shutdown has also led to a decrease in airline stocks, with Delta Air Lines among those affected by the market weakness and concerns over potential disruptions in air travel.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.