Lufthansa, a Germany-based aviation company, cut its profit outlook to 1 billion euros for 2014, from its previous forecast of 1.3 to 1.5 billion euros, Reuters reports.
The company also reduced its 2015 outlook to 2 billion euros, from 2.65 billion.
Other airline stocks declining off of the news include Delta Air Lines (DAL - Get Report) down -4.06% to $40.22, Alaska Air Group (ALK - Get Report) down -1.96% to $96.80, and United Continental Holdings Inc. (UAL - Get Report) down -4.38% to $45.67.
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