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Delta sinks on lower revenue estimate

Delta said gains in Latin America were partly offset by a weakening yen in Asia.
Paul Sancya/AP/File 2010
Delta said gains in Latin America were partly offset by a weakening yen in Asia.

Delta Air Lines fell after the carrier curbed its forecast for a key revenue measure for the first quarter. The news also hurt other airline stocks. Delta said that unit revenue, a measure of pricing power and the extent to which planes are filled, rose at a lower pace in March than in the previous two months. The company partly tied the weakness to less last-minute travel from government clients and lower than expected demand. Delta said it now expects a rise of 4 to 4.5 percent.

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