Why Delta Air Lines Stock Is Falling Today
Delta Air Lines (NYSE: DAL) beat analyst expectations in the third quarter but warned it expects the last three months of the year to be weighed down by higher fuel costs. Investors are heading for the exits on Thursday, sending shares down about 5%.
Delta earned $0.30 per share in the quarter, well ahead of analyst expectations of $0.17 per share, on revenue that at $8.3 billion roughly matched expectations. The airline said it experienced a midquarter lull as COVID cases spiked higher, but traffic recovered toward the end of the period.
Image source: Delta Air Lines.
Source Fool.com
