Delta Air Lines (NYSE:DAL) said Wednesday that the recent U.S. government shutdown is expected to shave as much as $200 million off its pre-tax profit for the December quarter, an estimated hit of roughly $0.25 per share.
Shares of the airline ticked up 0.7% in premarket trading despite the guidance update.
Delta noted that while the shutdown briefly dampened travel activity in November, overall demand for the fourth quarter remains solid. The carrier added that booking trends have already rebounded and are now tracking back in line with its original expectations prior to the disruption.