Delta Air Lines Stock News

Major airline stocks like United (UAL), Delta (DAL), and American (AAL) fell by as much as 10% during Monday's trading session; the US Global Jets ETF (JETS) took a big hit as well.

Stocks in Toronto fell short by the closing bell on Tuesday, though energy shares hit their highest in more than five years on soaring oil prices, which also fueled inflationary concerns that capped further gains. Industrials proved negative by the finish The S&P/TSX Composite Index was down 72.37 points to end Tuesday at 21,332.03. The Canadian dollar faltered 0.51 cents to 77.61 cents U.S. Intertape Polymer Group soared $16.97, or 76.2%, to $39.25, and was the largest percentage gainer on the index, after the packaging products maker said it would be taken private by investment firm Clearlake Capital Group in an all-cash deal valued at $2.6 billion. Bombardier gained 17 cents, or 14.6%, to $1.33. Agnico Eagle Mines shot higher $3.93, or 5.3%, to $78.63. Energy stocks prospered, with Canadian Natural Resources gaining 60 cents to $76.91. Suncor faded, however, 60 cents, or 1.4%, to $41.50. In the financial field, TD Bank dipped 48 cents to $96.71, while CIBC picked up 37 cents to $156.68.

Expenses on fuel represent a major component of operating costs of airlines including DAL, UAL, HA and SAVE.

U.S. stock indexes tumble Monday, leaving the blue-chip index in correction territory and the Nasdaq Composite in a bear market, as the U.S. considers a ban on Russia oil imports.

Shares of airline companies, including American Airlines Group Inc (NASDAQ: … Full story available on Benzinga.com

The Oracle of Omaha took intense criticism for his sales, but stocks are falling again.

Oil prices will cause near-term issues. Is that a long-term opportunity?

U.S. stocks ended lower on Friday despite a stronger-than-expected jobs data as the worsening war between Ukraine and Russia kept investors on the edge.

The price of oil has surged to its highest level since 2008 after Russia''s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to recover from a pandemic-related dip in demand. Some airlines have oil hedges that will help offset portions of the price increase, while Malaysia''s AirAsia on Saturday introduced fuel surcharges on tickets for the first time since 2015. Other carriers are fully unhedged, including European budget airline Wizz Air and US majors United Airlines , American Airlines and Delta Air Lines, though the latter owns an oil refinery. The oil price increase comes as many carriers are forced to fly longer routings to avoid Russian and Ukrainian airspace. Air France KLM The airline has hedged 72% of oil consumption for the first quarter and 63% for the second quarter at $90 a barrel, with smaller amounts hedged in the second half, it said in a results presentation on Feb. 17. Air New Zealand The airline has hedged 1.34 million barrels of oil in the current half ending June 30 and 707,500 barrels in the following half year period, it said in a results presentation on Feb. 24.

Delta has a very poor balance sheet with high bankruptcy risk, giving it virtually no room for black-swan events such as the Ukraine war. I am bearish on DAL.

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U.S. stocks end lower Friday, with all three major indexes booking losses for the week, as investors focused on a worsening conflict between Russia and Ukraine that resulted in a fire at a nuclear pow

The main airline ETF has slumped 16% since Feb. 14. Its biggest holdings are Delta Air, United, Southwest and American.

U.S. stock indexes are trading sharply lower Friday afternoon, as a worsening Eastern European conflict overshadows U.S. jobs data for February that beat forecasts.