Why Delta Airlines Stock Jumped 6.6% Today
Shares of Delta Air Lines (NYSE: DAL) stock closed up 6.6% on Tuesday, after the company reported respectable performance on its operating statistics for September, despite a weather-plagued month.
Delta noted that in September, "Hurricanes Irma and Maria impacted [its] operations across the Caribbean and Southeastern United States," and added: "Hurricane Irma significantly impacted operations with 2,200 flights cancelled from Sept. 7-12 at airports in Florida, the Caribbean, and Georgia, including the company's Atlanta hub."
Despite these headwinds, Delta said it grew revenue passenger miles 0.3% year over year in September, and available seat miles 0.6%, with its load factor -- the percentage of those seats flying with passengers sitting in them -- declining only 0.2%.
Source: Fool.com
Delta Air Lines Inc. Stock
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