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JUN 12, 2014 - TheStreet

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Why Delta Air Lines (DAL) Stock Is Down Today (Update)

Story updated at 4:35 p.m. with Thursday market close information NEW YORK (TheStreet) -- Delta Air Lines was continuing its fall Thursday, a day after Lufthansa warned of lower profits for 2014. Shares of Delta closed down -5.4% to $38.50, and were falling -0.2% to $38.42 in after-hours trading. Lufthansa said it now expects an operating profit of about 1 billion euros for 2014, down from previous estimates of 1.3 billion to 1.5 billion euros. The lower forecast is due to increased competition from Gulf airlines that are hurting the airline's U.S. and European ... Read More

Tags: Why Delta Air Lines (DAL) Stock Is Down Today (Update),  American Airlines Latest News