Delta Air Lines recently declared its
June quarter 2024 financial results which came accompanied with various reactions, contributing to the stock's performance. The company faced
flight disruptions caused by a significant
tech outage, incurring a massive $500M loss. Following this, sources revealed Delta's
recovery plans, while also recognizing the
regulatory investigation into the cancellations. Surprisingly, the stock surged after an official
upgrade from Fitch, from junk status. This leads to various reasons to be bullish on Delta Air Lines' shares, stated by a few analysts. The airline's performance resulted in a dividend payout cheering its investors, but the company still grapples with capacity issues. Moreover, a dramatic outage led by
CrowdStrike added to the airline's woes. Concerning other financial updates, stocks led to stocks fall or rise, with companies like
Mitsubishi UFJ Trust & Banking Corp and
Natixis adjusting their shares. Lastly, the Wall Street expectation for Delta's earnings growth and suspected higher levels post an upbeat Q2, positioning the market to look towards the company's future.
Delta Air Lines DAL News Analytics from Fri, 12 Jan 2024 08:00:00 GMT to Sat, 27 Jul 2024 12:35:19 GMT -
Rating -3
- Innovation -2
- Information 5
- Rumor -4
