April 4 Delta Air Lines Inc on Tuesday
lowered its forecast for a closely watched revenue metric,
citing slower-than-expected improvement in average fares for
flights booked at the last minute.
The No. 2 U.S. airline said it expects passenger unit
revenue - which compares sales to flight capacity - to fall
about 0.5 percent in the first quarter ended March. (bit.ly/2oVfqGu)
The airline had previously expected first-quarter passenger
unit revenue to be about flat.
Delta's shares were down 1.1 percent at $45.80 in premarket
(Reporting by Ankit Ajmera in Bengaluru; Editing by Sai Sachin