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Delta shares slip amid CFO bearish remarks

Delta Airlines and Delta Connection passenger aircraft
Robert Alexander | Getty Images
Delta Airlines and Delta Connection passenger aircraft

Shares of Delta Air Lines briefly fell more than 2 percent Wednesday after CFO Paul Jacobson delivered bearish remarks about the current quarter.

Jacobson said the airline giant expected second-quarter passenger unit revenue to drop closer to 4.5 percent on a year-over-year basis, versus a prior guidance of -2.5 percent to -4.5 percent.

He also said the firm expects operating profit margins to be near the lower end of its prior guidance.

Shares of Delta have stumbled this year, dropping nearly 18 percent.

DAL 12-month chart

Source: FactSet

—Reuters contributed to this report.