Rick Ducat examines the chart of Delta Airlines (DAL) which has been a steady downtrend since hitting highs in January. Rick points to heavy trading volume during the selling action, and notes that shares will likely take out the standard -2 deviation level upon Thursday's open.
Airline stocks extended their slide on Tuesday as Wall Street grew increasingly concerned about weaker-than-expected travel demand, ongoing economic uncertainty, and the impact of looming tariffs. Investors are bracing for a difficult earnings season, with some major carriers already cutting profit forecasts.
It was a turbulent and ultimately terrible first quarter for airline stocks. The second quarter may not be much better for the industry.
In the closing of the recent trading day, Delta Air Lines (DAL) stood at $48.07, denoting a -1.23% change from the preceding trading day.
The London's hub was closed Friday after a blaze caused a power outage, with hundreds of flights set to be canceled.
Delta Air Lines Inc. NYSE: DAL stock took a six-day sell-off at the beginning of March 2025 as sentiment soured from lower consumer and corporate confidence. Delta actually slashed its Q1 guidance by more than 50% in many metrics, which caused a sell-off ripple effect throughout the transportation sector and notably the airline industry.
Delta Air Lines (DAL) concluded the recent trading session at $46.89, signifying a +0.3% move from its prior day's close.
Football fans heading to Green Bay in April 2025 can enjoy more travel options as Delta Airlines adds extra flights to meet the demand.
The travel and tourism sector is one part of the U.S. economy that's been on relative fire since the pandemic began.
DAL lowers its first-quarter 2025 adjusted earnings per share guidance to the range of 30-50 cents from the previously guided range of 70 cents-$1 per share.
U.S. airline stocks are tumbling today after Delta Air Lines (NYSE: DAL) issued revised guidance for its first quarter. The carrier said it now expects total revenue, operating margins, and earnings per share to be below what it initially forecasted for Q1 2025.
Delta Air Lines Inc (NYSE:DAL) has significantly reduced its profit and revenue forecast for the first quarter due to weakening travel demand, sending its shares more than 7% lower on Tuesday. The airline now expects earnings per share in the range of $0.30 to $0.50, down from its earlier forecast of $0.70 to $1.