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Delta's shares closed at $11.38, down 2.9 percent, after declining as much as 11 percent in morning trading.
The stock price has come down in recent weeks, declining as much as $38, with some analysts warning that the valuation is too expensive.
UAL said reductions in North American capacity would continue, declining as much as 3.5percentt by the end of 2007 and up to another 4percentt in 2008.
The Nasdaq composite index fell 23.98 points, or 1.1percentto to 2,244.96, after declining as much as 83 points earlier in the day.
"It's nice to know there are more, but it was kind of shocking to see that the gorillas are declining as much as we calculated," she said.
Overnight in Japan, the benchmark Nikkei 225 stock average plummeted 10.6percenttoto 8,605.15, after declining as much as 14percentt during the day.
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The company's shares declined as much as 7.1percentt.
The company's stock then declined as much as 13percentt.
While sales to customers fell, they did not decline as much as production did.
Earlier in the day, the stock declined as much as 3 per cent.
JDA announced on July 6 that second-quarter net income declined as much as 80percentt from a year earlier.
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