Imperial reduced its earnings per share estimate for the first quarter to 45 cents from 66 cents and fiscal year 2014 estimate to $5.75 from $5.78. Severe winter weather forced American Airlines to cancel more than 34,000 flights, which led to a $115 million reduction in revenue and $60 million reduction in operating profit.
Delta dropped 4.98% to a one-day low of $33 at the close of trading on Thursday. United Continental (UAL) fell 5.01% to $42.29, while Southwest Airlines LUV dropped 4.27% to $23.12.
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Separately, TheStreet Ratings team rates DELTA AIR LINES INC as a "buy" with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate DELTA AIR LINES INC (DAL) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its notable return on equity, attractive valuation levels, good cash flow from operations, solid stock price performance and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."