Business

Market movers

Airlines slip as Lufthansa cuts its forecast

Cowen and Co. said the day’s airline stock sell-off could be an opportunity for buyers.

Bloomberg News/File 2012

Cowen and Co. said the day’s airline stock sell-off could be an opportunity for buyers.

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United Continental Holdings and other airlines were big losers Wednesday after Deutsche Lufthansa cut its forecast for 2014 and 2015 operating profit due to weaker sales and strikes. Lufthansa is grappling with competition from Persian Gulf carriers; some analysts said its problems should not be extrapolated to the entire industry. Nevertheless, Delta fell 2.9 percent, American Airlines slid 3.1 percent, and JetBlue lost 1.9 percent. Lufthansa ended the day down 14.1 percent.

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