Why Delta Stock Is Losing Altitude Today
Delta Air Lines (NYSE: DAL) reported second-quarter results that were roughly in line with estimates, but the airline is damping expectations for the important summer vacation season.
Investors are looking for alternative accommodations, sending shares of Delta down as much as 10% at the open and down 6% as of 10:30 a.m. ET.
The airline industry enjoyed a period of robust demand following the pandemic, but with interest rates and inflation on the rise and concerns growing about the health of the consumer there are questions about how long the skies will remain crowded.
Source Fool.com
