NEW YORK (TheStreet) -- Shares of American Airlines Group Inc. (AAL) are lower by -5.34% to $40.03 this morning as the U.S. airline sector continues a decline started on Wednesday after Germany's largest carrier, Deutsche Lufthansa (DLAKY), issued a 2014 profit warning.
The carrier said it is now expecting a 2014 profit of 1 billion euros, versus its previous guidance of 1.3 to 1.5 billion euros.
Lufthansa said it lowered its profit expectations due to union worker strikes and weaker than expected revenue growth in its passenger and cargo businesses, Markets Emerging reports.
Other U.S. airlines continuing to fall include Delta Airlines Inc.
(DAL) down -5.13% to $38.62, United Continental Holdings Inc.
(UAL) down -5.99% to $42.55, and Southwest Airlines Co.
(LUV) down -4.19% to $25.81.
Must Read: Warren Buffett's 25 Favorite Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV