10 Stocks Battered by Bearish Outlooks

5. Delta Air Lines Inc. (NYSE:DAL)

Delta Air fell by 7.25 percent on Tuesday to finish at $46.68 apiece after announcing a lower sales outlook for the first quarter of the year.

In a regulatory filing, DAL said it now expects first quarter revenues to rise by less than 5 percent year-on-year, down from its previous forecast of 6 to 8 percent.

Earnings per share forecast was also lowered to between $0.30 and $0.50 from its previous guidance of $0.70 to $1 apiece.

“The outlook has been impacted by the recent reduction in consumer and corporate confidence caused by increased macro uncertainty, driving softness in Domestic demand,” the company said.

In a separate comment on CNBC, DAL Chief Executive Officer Ed Bastian said that while he does not expect a recession under the new administration, the weaker outlook guidance was mostly based on dampened consumer confidence, saying that its customers are now pulling back on bookings.