financetom
Market
financetom
/
Market
/
Major Airline Stocks Fall After Delta Air Lines Issues Q3 Earnings Guidance Below Estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Major Airline Stocks Fall After Delta Air Lines Issues Q3 Earnings Guidance Below Estimates
Jul 11, 2024 8:30 AM

11:10 AM EDT, 07/11/2024 (MT Newswires) -- Shares of major airlines, including United Airlines (UAL) and American Airlines Group ( AAL ) , fell in recent Thursday trading after Delta Air Lines ( DAL ) issued Q3 earnings guidance below analysts' estimates.

Delta Air Lines ( DAL ) said it expects Q3 adjusted earnings per share of $1.70 to $2. Analysts polled by Capital IQ expect adjusted EPS of $2.06.

Delta Air Lines ( DAL ) shares were down 6.3%, United Airlines fell 4.6% and American Airlines ( AAL ) slid 5.8%. Shares of Alaska Air Group (ALK), JetBlue Airways ( JBLU ) and Southwest Airlines ( LUV ) dropped 0.9%, 2.9% and 3%, respectively.

Price: 45.02, Change: -2.13, Percent Change: -4.52

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Gold Rises Off Five-Week Low Midafternoon as Falling Yields Offset a Stronger Dollar
Update: Gold Rises Off Five-Week Low Midafternoon as Falling Yields Offset a Stronger Dollar
Jun 14, 2024
02:00 PM EDT, 06/14/2024 (MT Newswires) -- (Updates prices.) Gold traded higher midafternoon on Friday, rebounding from a five-week low touched a day earlier despite a stronger dollar as treasury yields narrowed. Gold for August delivery was last seen up US$31.50 to US$2,349.50 per ounce. The price of the metal touched a record US$2,461.70 per ounce on May 20 on...
Sector Update: Health Care Stocks Softer Friday Afternoon
Sector Update: Health Care Stocks Softer Friday Afternoon
Jun 14, 2024
02:03 PM EDT, 06/14/2024 (MT Newswires) -- Health care stocks eased Friday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both shedding about 0.2%. The iShares Biotechnology ETF (IBB) declined 0.8%. In corporate news, FOXO Technologies ( FOXO ) shares jumped 20% after the company signed two share exchange agreements with Rennova...
Top Midday Decliners
Top Midday Decliners
Jun 14, 2024
02:02 PM EDT, 06/14/2024 (MT Newswires) -- Gain Therapeutics ( GANX ) shares tumbled more than 33% amid heavy trading after the company said late Thursday that it priced an underwritten public offering to raise about $11 million. More than 2.49 million shares traded intraday on Friday versus a daily average of about 129,000. AMMO (POWW) reported late Thursday that...
TREASURIES-Longer-dated US yields dip, 10-year poised for biggest weekly drop of year
TREASURIES-Longer-dated US yields dip, 10-year poised for biggest weekly drop of year
Jun 14, 2024
(Updated at 2:31 p.m. ET/1431 GMT) By Chuck Mikolajczak NEW YORK, June 14 (Reuters) - Longer-dated U.S. Treasury yields edged lower on Friday, after economic data provided the latest indication that inflation may be cooling, with the benchmark 10-year Treasury yield on pace for its biggest weekly drop of the year. The Labor Department said U.S. import prices dropped 0.4%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved