Delta Forecasts $200M Loss Tied to Government Shutdown’s Impact on Flight Schedules

Delta Air Lines ($DAL) warned that reduced flight schedules caused by the recent U.S. government shutdown will likely result in a $200 million profit hit which is equivalent to approximately $0.25 per share. Demand still remains healthy, according to the carrier’s regulatory filing.

• Delta projected a $200 million negative impact on earnings for the quarter due to schedule reductions linked to the shutdown.
• The company estimates the effect will reduce earnings by roughly 25 cents per share.
• Despite the schedule cutbacks, Delta stated airline passenger demand remains healthy for the quarter.
• The impact was disclosed in a Form 8-K filing submitted to the SEC on Wednesday.

Relevant Companies

• Delta Air Lines ($DAL) — Directly affected by the forecasted profit hit and potential pressure on quarterly earnings.

Editor’s Note: This is a developing story. This article may be updated as more details become available.