Why Delta Air Lines Shares Are Falling
Portfolio Pulse from Henry Khederian
Shares of Delta Air Lines, Inc. (NYSE:DAL) are trading lower by 4% in sympathy with JetBlue, which fell after issuing weak guidance. JetBlue's Q2 FY23 results showed a 6.7% YoY growth in operating revenue, reaching $2.61 billion, and a substantial improvement in operating income. DAL has a 52-week high of $49.81 and a 52-week low of $27.20.
August 04, 2023 | 9:45 am
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Delta Air Lines shares are trading lower by 4% due to weak guidance issued by JetBlue, despite JetBlue's positive Q2 FY23 results.
Delta Air Lines shares are trading lower in sympathy with JetBlue, which fell after issuing weak guidance. This indicates that the market is reacting to the overall industry trend rather than individual company performance. Despite JetBlue's positive Q2 FY23 results, the weak guidance has negatively impacted Delta Air Lines' stock price.
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