Airport chaos is a high-class problem for airlines

-0 cStoSw">Flight cancellations, airport passenger caps and a massive increase in costs are doing nothing to drive investors back into airlines. These are good problems, however, compared to the decline in demand induced by the recession.

Delta Airlines Shares were down 8% in early trading Wednesday, sending US peers falling. Atlanta-based company, which was First major airline to report second quarter results, said adjusted earnings-per-share came in at $1.44—far below Wall Street’s average forecast of $1.73. This was despite revenue being 11% higher than expected.