Delta Air Lines lowers Q1 outlook, shares fall

Delta Air Lines DAL.N shares fall 11.2% to $44.70 in extended trading

The carrier cuts first-quarter profit forecast on increased macroeconomic uncertainty

DAL expects its EPS to be between $0.30/shr and $0.50/shr, below estimates Of $0.86/shr - LSEG

Co now expects its Q1 rev. to be up between 3% and 4%, from 7% to 9% expected initially

The outlook has been impacted by the recent reduction in consumer and corporate confidence caused by increased macro uncertainty, driving softness in Domestic demand - Delta

It expects Q1 operating margin to be between 4% and 5%, from 6% to 8% expected previously

YTD, DAL down 16.8% vs 1.8% fall in the Dow Jones Transportation Average index .DJT