Why Are Airline Stocks DAL, AAL, UAL, LUV, JBLU Down Today?
Source: Shutterstock Airline stocks are falling on Wednesday and it looks like investors can point to Delta Air Lines (NYSE: DAL ) are the reason behind today’s drop. Delta Air Lines recently released its earnings report for the second quarter of 2022 . Unfortunately for airline stocks, the company’s results were mixed. While revenue came in above estimates, the company failed to reach the adjusted earnings per share estimate that Wall Street was expecting. As investors would expect, that mixed earnings report has DAL stock slipping today. However, it’s causing other stocks in the sector to slide lower today as well. Let’s go over that movement below! 7 Best Dow Stocks to Buy in July Airline Stocks Falling on Wednesday Delta Air Lines stock is down 6.8% as of Wednesday afternoon. Shares of American Airlines (NASDAQ: AAL ) stock is heading 4% lower as of this writing. United Airlines (NASDAQ: UAL ) shares are decreasing 1.6% on Wednesday afternoon. Southwest Airlines (NYSE: LUV ) stock was down this morning but has since recovered and is up slightly this afternoon.
Why Are Airline Stocks DAL, AAL, UAL, LUV, JBLU Down Today?
Source: Shutterstock Airline stocks are falling on Wednesday and it looks like investors can point to Delta Air Lines (NYSE: DAL ) are the reason behind today’s drop. Delta Air Lines recently released its earnings report for the second quarter of 2022 . Unfortunately for airline stocks, the company’s results were mixed. While revenue came in above estimates, the company failed to reach the adjusted earnings per share estimate that Wall Street was expecting. As investors would expect, that mixed earnings report has DAL stock slipping today. However, it’s causing other stocks in the sector to slide lower today as well. Let’s go over that movement below! 7 Best Dow Stocks to Buy in July Airline Stocks Falling on Wednesday Delta Air Lines stock is down 6.8% as of Wednesday afternoon. Shares of American Airlines (NASDAQ: AAL ) stock is heading 4% lower as of this writing. United Airlines (NASDAQ: UAL ) shares are decreasing 1.6% on Wednesday afternoon. Southwest Airlines (NYSE: LUV ) stock was down this morning but has since recovered and is up slightly this afternoon.