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$DAL expects 4Q16 unit revenues to decline by 3-5% YoverY and operating margin of 14-16%. $DAL sees slight decline in margins YoverY, as savings from lower fuel prices and productivity initiatives will be fully offset by declines in unit revenues that $DAL continues to address through its capacity actions and revenue management initiatives.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.