Delta Air Lines shares tumbled 4.9% after its second-quarter profit dove from a year earlier, putting pressure on American Airlines Group, Spirit Airlines and JetBlue AIrways.
Shares of Delta were trading around $44.57. American Airlines declined 4.7% to $10.63, while Spirit was down 2.1% at $2.99, and JetBlue edged down 0.9% to $5.67.
Delta on Thursday reported second-quarter profit that fell 29% as its U.S. market saw more supply of seats than demand, as well as higher fuel costs at large. The company is the first airline to report second-quarter earnings