Why Delta Air Lines (DAL) Shares Are Falling
Portfolio Pulse from Henry Khederian
Shares of Delta Air Lines, Inc. (NYSE:DAL) are trading lower by 2.19% to $46.44, in sympathy with Alaska Air, which fell after reporting Q2 earnings and guiding 0-3% topline growth in Q3. Alaska Air reported a 7% YoY increase in operating revenue, surpassing consensus estimates, and an adjusted EPS of $3.00, outperforming the previous year's $2.19.
July 25, 2023 | 5:29 pm
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NEGATIVE IMPACT
Delta Air Lines shares are trading lower due to Alaska Air's less optimistic Q3 outlook, despite Alaska Air's strong Q2 earnings.
Delta Air Lines shares are falling due to the less optimistic Q3 outlook of Alaska Air. This is despite Alaska Air's strong Q2 earnings, which surpassed consensus estimates. The market is reacting to the future outlook rather than past performance, causing a negative impact on Delta Air Lines shares.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100