Airlines hit headwinds from investors as they try to capture growth

Shares in Delta Air Lines Inc (DAL.N) , Southwest Airlines Co (LUV.N), United Continental Holdings Inc (UAL.N) and American Airlines Group Inc (AAL.O) all fell sharply despite a bullish outlook on industry profitability issued Monday by the International Air Transport Association (IATA) at its general meeting in Miami. Global airlines should earn $29.3 billion this year, nearly double last year’s level, and average net profit margins should nearly double to 4 percent from 2.2 percent, the industry group forecast. Wall Street, however, focused on concerns that big U.S. airlines are casting aside years of disciplined efforts to limit capacity and boost profit margins for each mile a passenger flies.

Airlines hit headwinds from investors as they try to capture growth source: http://finance.yahoo.com/news/airlines-hit-headwinds-investors-try-194754209.html