Delta shares tumbled on Thursday after its gloomy third-quarter guidance spooked the market.
After Delta's revenue miss, CNBC's Jim Cramer said investors should understand that there is a difference between Delta as a stock and Delta as a company. "Delta the company is terrific.
It's now earnings season once again, and investors are certainly taking a cautious tone with certain groups of stocks today. Besides tech stocks, which are having a very negative day with the Nasdaq down a whopping 1.7% this afternoon, airline stocks are also seeing marked declines in today's session.
Delta said the Paris Olympics will translate to a $100 million revenue hit because travelers are heading to other destinations. Delta has the most service to Paris out of the U.S. airlines and has a partnership with Air France.
CEO Ed Bastian said he expects high demand -- which is causing airlines to lower their ticket prices -- to balance out in the fall.
Delta reported lower quarterly profits Thursday despite still-strong travel demand as it moderated a plan to add capacity in the fall in light of industry overcapacity.
Passenger revenues at Delta (DAL) have increased 5% year over year to $13.84 billion in Q2.
The price action in Delta Air Lines, Inc. DAL offers a great lesson in technical analysis. When markets sell off, they tend to find support at price levels that have previously been peaks or tops.
Delta reported strong revenue but a slight earnings disappointment, and provided tepid third-quarter guidance. The airline is seeing strong premium travel, but is facing pricing pressure on the low end.
Although the revenue and EPS for Delta (DAL) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Delta Air Lines (DAL) stock tumbled Thursday after the carrier reported second-quarter profit that missed estimates despite record revenue for the period.
Shares of Delta tumbled 7% on Thursday, pacing the company's worst loss so far this year, after the airline reported a decline in earnings and forecast lower profits for the upcoming quarter that fell short of analyst expectations.