Delta, Other Carriers Fall On Air France-KLM Warning

Airline stocks continued to lose altitude Tuesday after Air France-KLM became the latest global carrier to warn that earnings will be lower than expected due to excess capacity. Paris-based Air France, one of Europe’s largest airlines, now sees full-year earnings of $3 billion, down from about $3.4 billion it forecast earlier. The carrier cited rising competition on North American and Asian routes, weak cargo demand and a challenging situation in

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