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Stock impact report

Delta warns that U.S. shutdown will weigh on demand, airfares [Business News Network (BNN) Energy & Resources (Canada)]

American Airlines Group, Inc. (AAL) 
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
Delta warns that U.S. shutdown will weigh on demand, airfares Delta Air Lines Inc. ( DAL.N ) warned that its ability to raise fares is likely to slow this quarter as the U.S. government shutdown weakens travel demand, adding pressure to the carrier as a rising industry seat supply weighs on ticket prices. Revenue from each seat flown a mile will rise no more than 2 per cent this quarter from a year earlier, Delta said as it reported earnings Tuesday. That pricing-power gauge, also known as unit revenue, climbed 3.2 per cent in the final three months of last year. Key Insights -Early first-quarter bookings are down across the industry, as tracked by Buckingham Research Group, signaling pressure from the shutdown. -Delta, as the first major U.S. airline to report results, is a barometer for a particularly fraught earnings season; the carrier and American Airlines Group Inc. recently issued weak outlooks. United is scheduled to report earnings later Tuesday. -First-quarter adjusted pro Show less Read more
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